North Carolina § 47C-4-101 - Applicability; waiver.
Full text of North Carolina North Carolina General Statutes § 47C-4-101 — Applicability; waiver., with citation guidance and answers to common questions.
§ 47C-4-101. Applicability; waiver.
This Article applies to all units subject to this chapter, except as provided in subsection (b) or as modified or waived by agreement of purchasers of units in a condominium in which all units are restricted to nonresidential use. Neither a public offering statement nor a resale certificate need be prepared or delivered in the case of a disposition which is: Gratuitous; Pursuant to court order; By a government or governmental agency; By foreclosure or deed in lieu of foreclosure; To a person in the business of selling real estate who intends to offer those units to purchasers; or Subject to cancellation at any time for any reason by the purchasers without penalty. History (1985 (Reg. Sess., 1986), c. 877, s. 1.)
Frequently Asked Questions About North Carolina § 47C-4-101
What does North Carolina General Statutes § 47C-4-101 cover?
Section 47C-4-101 ("Applicability; waiver.") is part of the North Carolina General Statutes, the codified statutory law of North Carolina. 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 North Carolina § 47C-4-101?
A common citation format is "North Carolina General Statutes § 47C-4-101" (North Carolina). 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 North Carolina law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the North Carolina official source linked on this page or consult a licensed North Carolina attorney.
How does North Carolina § 47C-4-101 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in North Carolina 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 North Carolina.