Section Jus 1405.12 - Purchase and Sale Agreement(a) Declarants shall use a contract for the purchase or lease which includes: (1) Express notice of the purchaser's 5 day right to cancel, as prescribed by RSA 356-B:50, II;(2) The name and address of the escrow agent designated to carry out the provisions of RSA 356-B:57; and(3) A space for acknowledgment of receipt of the public offering statement provided, however, that the space for acknowledgment need not be used with respect to offering any condominium for which a public offering statement is not required.(b) The escrow agent identified in the purchase and sale agreement shall be a person or entity unrelated to the declarant or any principal thereof and shall hold all escrowed funds pursuant to RSA 356-B:57 within the state of New Hampshire.N.H. Admin. Code § Jus 1405.12
(See Revision Note at chapter heading for Jus 1400) #9783-A, eff 9-11-10
Amended by Volume XXXIX Number 46, Filed November 14, 2019, Proposed by # 12910, Effective 10/24/2019, Expires 10/24/2029.