No person shall sell or transfer any land of a subdivision nor shall any permit be issued for a structure thereon before the plat of such subdivision has been duly approved and recorded in the office of the Circuit Court Clerk of the County unless such subdivision was lawfully created either pursuant to a subdivision ordinance in effect at the time of such approval and recorded within six (6) months thereafter or prior to the adoption of a subdivision ordinance applicable thereto, provided that nothing herein contained shall be construed as preventing the recordation of the instrument by which such land is transferred or the passage of title as between the parties to the instrument. This paragraph shall not prohibit conveyance of the entire tract which is the subject of a subdivision application; nor shall it prohibit the placing of any proposed lot or parcel of such subdivision under contract; nor shall it prohibit the issuance of a permit for a model home or marketing structure where adequate financial guarantee is furnished as provided in Chapter 8 of the FSM.
(Ord. 00-04. Passed 4-29-00.)