Martin Act — Real Estate Syndication Offerings
The Martin Act offering-plan section (official heading: "Real estate syndication offerings"). Publicly offering or selling participation interests in real estate — expressly including cooperative interests in realty, and in practice every new-construction condominium and cooperative offering in New York — is illegal until an offering statement or prospectus is filed with the Department of Law (the Attorney General). This filing regime, not a resale-certificate statute, is where New York puts mandatory disclosure for condo and co-op purchases; the Attorney General's regulations govern the plan's contents and amendments.
Reviewed · New York changes feed
| Ref | Requirement |
|---|---|
| 1(a) | Developers cannot sell New York condos or co-op shares to the public until the Attorney General has an offering plan on file. |