Sec. 11C-20. Transfers exempt from county or tenant organization right to purchase rental property.

   Exempt from the county and tenant right to purchase requirements under section 11C-18 is a transfer:

      (1)   That is required under a mortgage or deed or trust;

      (2)   That a mortgage holder requires in order to implement or avoid foreclosure;

      (3)   That a court orders;

      (4)   Of a partial interest in undivided property from one part-owner to another;

      (5)   Of property required under a will or state law to be distributed after death of the owner;

      (6)   To an agency of state or local government;

      (7)   To a spouse, son, or daughter;

      (8)   Made in order to liquidate a partnership or corporation; and

      (9)   To a partnership or corporation wholly owned by the property owner. (1985 L.M.C., ch. 39, § 1.)