76-3-201. Exemption for certain divisions of land. Unless the method of disposition is adopted for the purpose of evading this chapter, the requirements of this chapter shall not apply to any division of land which:
     (1) is created by order of any court of record in this state or by operation of law or which, in the absence of agreement between the parties to the sale, could be created by an order of any court in this state pursuant to the law of eminent domain (Title 70, chapter 30);
     (2) is created to provide security for construction mortgages, liens, or trust indentures;
     (3) creates an interest in oil, gas, minerals, or water which is now or hereafter severed from the surface ownership of real property;
     (4) creates cemetery lots;
     (5) is created by the reservation of a life estate;
     (6) is created by lease or rental for farming and agricultural purposes.

     History: En. Sec. 4, Ch. 500, L. 1973; amd. Sec. 2, Ch. 334, L. 1974; amd. Sec. 19, Ch. 213, L. 1975; amd. Sec. 2, Ch. 552, L. 1977; R.C.M. 1947, 11-3862(9).