Section 57-29-305 - Voidable agreements(1)(a) If a sponsor violates a provision of this chapter in entering into an agreement to purchase an undivided fractionalized long-term estate, the purchaser may rescind the agreement.(b) A purchaser may rescind an agreement under this Subsection (1) at any time before the closing.(2) A purchaser who rescinds an agreement in accordance with Subsection (1) is entitled to all the consideration that the purchaser gave under the rescinded agreement.(3) In an action to enforce a purchaser's right of rescission under Subsection (1), the court shall award costs and reasonable attorney fees to the prevailing party.Added by Chapter 381, 2016 General Session ,§ 11, eff. 5/10/2016.