§ 36

\n(b) Neither a public offering statement nor the materials required by section forty-two need be prepared or delivered in the case of:\n(1) a gratuitous disposition of a time-share;\n(2) a disposition pursuant to court order;\n(3) a disposition by a government or governmental agency;\n(4) a disposition by foreclosure or deed in lieu of foreclosure;\n(5) a disposition that may be cancelled at any time and for any reason by the purchaser without penalty;\n(6) a disposition of a time-share in a unit situated wholly outside the commonwealth pursuant to a contract executed wholly outside the commonwealth, if there has been no offering within the commonwealth;\n(7) an offering by a developer of time-shares in no more than one time-share unit at any one time; or\n(8) A disposition of a time-share property or all time-shares therein to one purchaser.