Alabama § 35-8A-401 - Applicability; Waiver.
Full text of Alabama Code of Alabama § 35-8A-401 — Applicability; Waiver., with citation guidance and answers to common questions.
§ 35-8A-401. Applicability; Waiver.
(a) This article applies to all units subject to this chapter, except as provided in subsection (b) or as modified or waived in writing by agreement of purchasers of units in a condominium in which all units are restricted to nonresidential use.
(b) Neither an offering statement nor a resale certificate need be prepared or delivered in the case of:
(1) A gratuitous disposition of a unit;
(2) A transfer pursuant to court order;
(3) A disposition by a government or governmental agency;
(4) A transfer by foreclosure or disposition by deed in lieu of foreclosure;
(5) A disposition to a person in the business of selling real estate who intends to offer those units to purchasers where the responsibility for preparing and delivering the offering statement has been transferred to the person pursuant to subsection (b) of Section 35-8A-402;
(6) A disposition that may be canceled at any time and for any reason by the purchaser without penalty; or
(7) A disposition of a time share interest in a unit.
Frequently Asked Questions About Alabama § 35-8A-401
What does Code of Alabama § 35-8A-401 cover?
Section 35-8A-401 ("Applicability; Waiver.") is part of the Code of Alabama, the codified statutory law of Alabama. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Alabama § 35-8A-401?
A common citation format is "Code of Alabama § 35-8A-401" (Alabama). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Alabama law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Alabama official source linked on this page or consult a licensed Alabama attorney.
How does Alabama § 35-8A-401 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Alabama can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Alabama.