Title 12 Part 1010 → Subpart A → §1010.9

Title 12 → Chapter X → Part 1010 → Subpart A → §1010.9

Electronic Code of Federal Regulations e-CFR

Title 12 Part 1010 → Subpart A → §1010.9

e-CFR data is current as of February 27, 2020

Title 12Chapter XPart 1010Subpart A → §1010.9

Title 12: Banks and Banking
Subpart A—General Requirements

§1010.9   Twenty acre lots.

(a) The sale of lots in a subdivision is exempt from the registration requirements of the Act if, since April 28, 1969, each lot in the subdivision has contained at least twenty acres. In determining eligibility for the exemption, easements for ingress and egress or public utilities are considered part of the total acreage of the lot if the purchaser retains ownership of the property affected by the easement.

(b) The sale must also comply with the anti-fraud provisions of §1010.4(b) and (c) of this part.