§36B-4-120. Substantial completion of units.
In the case of a sale of a unit in which delivery of a
public offering statement is required, a contract of sale may be
executed, but no interest in that unit may be conveyed, until the
declaration is recorded and the unit is substantially completed,
as evidenced by a recorded certificate of substantial completion
executed by an independent registered architect, surveyor or
engineer, or by issuance of a certificate of occupancy authorized