76-4-1202. Definitions. When used in this part, unless the context requires otherwise, the following definitions apply:
     (1) "Board" means the board of realty regulation provided for in 2-15-1867.
     (2) "Chairman" means the chairman of the board of realty regulation.
     (3) "Department" means the department of commerce provided for in Title 2, chapter 15, part 18.
     (4) "Disposition" includes sale, lease, assignment, or any other transaction concerning a subdivision if undertaken for gain or profit.
     (5) "Offer" includes every inducement, solicitation, or attempt to encourage a person to acquire an interest in land if undertaken for gain or profit.
     (6) "Person" means an individual, corporation, government, governmental subdivision or agency, business trust, estate, trust, partnership, unincorporated association, two or more of any of the foregoing having a joint or common interest, or any other legal or commercial entity.
     (7) "Purchaser" means a person who acquires or attempts to acquire or succeeds to an interest in land.
     (8) "Subdivider" means any owner of subdivided land who offers it for disposition or the principal agent of an inactive owner.
     (9) "Subdivision" and "subdivided lands" mean any land which is divided or is proposed to be divided for the purpose of disposition into five or more lots, parcels, units, or interests and also include any land, whether contiguous or not, if five or more lots, parcels, units, or interests are offered as a part of a common promotional plan of advertising and sale.

     History: En. Sec. 1, Ch. 97, L. 1969; amd. Sec. 333, Ch. 350, L. 1974; R.C.M. 1947, 67-2117; amd. Sec. 7, Ch. 497, L. 1979; amd. Sec. 3, Ch. 274, L. 1981.