Any person who fails to register as a developer in violation of this part 5 commits a class 6 felony and shall be punished as provided in section 181.3-401. Any agreement or contract for the sale or lease of a subdivision or part thereof shall be voidable by the purchaser and unenforceable by the developer unless the developer was duly registered under the provisions of this part 5 when the agreement or contract was made.
Source: L. 2019: Entire title R&RE with relocations, (HB 19-1172), ch. 136, p. 663, § 1, effective October 1.
Editor's note: This section is similar to former § 12-61-407 as it existed prior to 2019.