76-4-1238. Processing of application -- registration of land. (1) Within 90 days from the date of the notice of filing, the board shall enter an order registering the subdivided lands or rejecting the registration. If no order of rejection is entered within 90 days from the date of notice of filing, the land shall be considered registered unless the applicant has consented in writing to a delay.
     (2) If the board affirmatively determines upon inquiry and examination that the requirements of 76-4-1236 have been met, it shall enter an order registering the subdivided lands and shall designate the form of the public offering statement.
     (3) (a) If the board determines upon inquiry and examination that any of the requirements of 76-4-1236 have not been met, it shall notify the applicant that the application for registration must be corrected in the particulars specified within 10 days. If the requirements are not met within the time allowed, the board shall enter an order rejecting the registration, which shall include the findings of fact upon which the order is based.
     (b) The order rejecting the registration shall not become effective for 20 days, during which time the applicant may petition for reconsideration and is entitled to a hearing.

     History: En. Sec. 8, Ch. 97, L. 1969; amd. Sec. 1, Ch. 110, L. 1974; amd. Sec. 338, Ch. 350, L. 1974; R.C.M. 1947, 67-2124(part).