37-53-205. Exemption from registration. The registration requirements of this chapter do not apply to:
     (1) an offer, sale, or transfer of not more than two timeshare interests by a timeshare owner in a 12-month period;
     (2) a gratuitous transfer of a timeshare interest;
     (3) a sale under court order;
     (4) a sale by any government or a governmental agency;
     (5) a sale by forfeiture, foreclosure, or deed in lieu of foreclosure;
     (6) a sale of a timeshare offering already registered in Montana or a sale of all timeshare units or timeshare intervals in the timeshare offering to any one purchaser; or
     (7) a transfer of a timeshare interest by a timeshare owner other than the developer or the developer's agent unless the transfer is made for the purpose of avoiding the provisions of this chapter.

     History: En. Sec. 7, Ch. 444, L. 1987; amd. Sec. 6, Ch. 317, L. 2009.