57-23-9. Voidable agreements.
Any agreement to purchase an interest in a real estate cooperative entered into in violation
of this chapter may, at the option of the purchaser, be voided and the purchaser's entire
consideration paid together with interest at the legal rate, any costs, and reasonable attorney's fees
shall be recovered. However, no suit under this section may be brought more than two years
after:
(1) the date the agreement is signed; or
(2) the date the purchaser knew or reasonably should have known of the violation.
Enacted by Chapter 169, 1992 General Session
Download Code Section Zipped WordPerfect 57_23_000900.ZIP 1,755 Bytes
Sections in this Chapter|Chapters in this Title|All Titles|Legislative Home Page
Last revised: Wednesday, October 08, 2008