California Business and Professions Code

§ 11018.5

BPC § 11018.5 Effective Jan 1, 2005Div. 4 · Part 2 · Ch. 1 · Art. 2

Statute text

With respect to the subdivisions and interests of the type described in Section 11004.5, and in addition to the other grounds for denial of a public report as set forth in this code, the commissioner shall issue a public report if the commissioner finds the following with respect to any such subdivision or interest:

(a)(1) Reasonable arrangements have been made to assure completion of the subdivision and all offsite improvements included in the offering.

(2)If the condominium or community apartment project, stock cooperative or planned development, or premises or facilities within the common area are not completed prior to the issuance of a final subdivision public report on the project, the subdivider shall specify a reasonable date for completion and shall comply with one of the following conditions:

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Legislative history

Amended by Stats. 2004, Ch. 697, Sec. 8. Effective January 1, 2005.