1. The provisions of this chapter do not apply to:
(a) An offering subject and registered pursuant to the provisions of chapter 119 of NRS;
(b) An offering subject and registered pursuant to the provisions of chapter 119A of NRS;
(c) An offer, sale or transfer by any one person of no more than one membership in a campground in any 12 months;
(d) An offer or sale by a government or governmental agency; or
(e) A bona fide pledge of a membership in a campground.
2. The Administrator may, pursuant to the regulations adopted by the Administrator, exempt from a provision of this chapter any other sale, transfer or disposition of a membership if the Administrator finds that the enforcement of that provision with respect to that transaction is not necessary to protect the public interest or that of the purchasers thereof.
(Added to NRS by 1985, 1657, 1658)