76-4-1233. Public offering statement. (1) A public offering statement shall disclose fully and accurately the physical characteristics of the subdivided lands offered and shall make known to prospective purchasers all unusual and material circumstances or features affecting the subdivided lands.
     (2) The proposed public offering statement submitted to the department shall be in a form prescribed by the board's rules and shall include the following:
     (a) the name and principal address of the subdivider;
     (b) a general description of the subdivided lands stating the total number of lots, parcels, units, or interests in the offering;
     (c) the significant terms of any encumbrances, easements, liens, and restrictions, including zoning and other regulations affecting the subdivided lands and each unit or lot, and a statement of all existing taxes and existing or proposed special taxes or assessments which affect the subdivided lands;
     (d) a statement of the use for which the property is offered;
     (e) information concerning improvements, including streets, water supply, levees, drainage control systems, irrigation systems, sewage disposal facilities, and customary utilities, and the estimated cost, date of completion, and responsibility for construction and maintenance of existing and proposed improvements which are referred to in connection with the offering or disposition of any interest in subdivided lands;
     (f) additional information required by the board to assure full and fair disclosure to prospective purchasers.

     History: En. Sec. 6, Ch. 97, L. 1969; amd. Sec. 336, Ch. 350, L. 1974; R.C.M. 1947, 67-2122(1).