(A) The following transactions shall be deemed non- sales for the purpose of this plan. The owner of the affordable unit shall be entitled to a statement of exemption from the agency upon application.
(1) Transfer of ownership of an affordable housing unit between husband and wife.
(2) Transfer of ownership of an affordable housing unit between former spouses as a result of a judicial decree, judgment or order of divorce, but not including sales to third parties.
(3) Transfer of ownership of an affordable housing unit as a result of inheritance.
(4) Transfer of ownership of an affordable housing unit through an order of the Superior Court.
(B) A grant of exemption shall not eliminate the resale control restriction set forth in these regulations. Any subsequent sale shall be subject to all of the terms of these regulations.
('74 Code, § 131-87) (Ord. 15-1975, passed 8-11-75; Am. Ord. 369-1987, passed 7-27-87; Am. Ord. 699-94, passed 6-13-94; Am. Ord. 945-99, passed 9-13-99; Am. Ord. 43-04, passed 3-22-04; Am. Ord. 266-15, passed 5-11-15)