Whoever, being the owner or agent of the owner of any land within the area, transfers, or sells or agrees to sell, or negotiates to sell any land by reference to or exhibition thereof, or by other use of a plat of a subdivision before such plat has been approved by the Metropolitan Area Planning Commission or the Commission's staff as provided in the regulations adopted pursuant to Section 863.9 of this title and filed of record in the office of the county clerk, or whoever, being the owner or agent of the owner of any parcel of ground, transfers, or sells or agrees to sell, or negotiates to sell any tract of land of five (5) acres or less, or which transfer or sale will result in a remainder tract of land of five (5) acres or less, where such tract or remainder tract was not shown of record in the office of the county clerk as separately owned at the effective date of the regulations hereinafter provided for and not located within a subdivision approved according to law and filed of record in the office of the county clerk, or if so located, not comprising at least one (1) entire lot as recorded, without first obtaining the written approval of the Commission or the Commission's staff as provided in the regulations adopted pursuant to Section 863.9 of this title, by the endorsement on the instrument of transfer, shall be subject to the penalties by this act provided; and such transaction shall be unlawful and the deed or other instrument of transfer shall not be valid; and if recorded, shall not import notice; and the description of such lot or parcel by metes and bounds, in the instrument of transfer or other document used in the process of selling or transferring, shall not exempt the transaction or the parties from such penalties or from the remedies in this act provided. In the consideration of such transfers, referred to as "lot- splits", the Commission shall apply the same regulations as are applied to subdivisions in order to accomplish the purposes of planning as herein provided. Added by Laws 1955, p. 168, § 9, emerg. eff. June 3, 1955. Amended by Laws 1992, c. 47, § 2, emerg. eff. April 8, 1992; Laws 2006, c. 27, § 1, eff. Nov. 1, 2006; Laws 2017, c. 119, § 2.
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