RSA 356-A:3 Exemptions.

I. Unless the method of disposition is adopted for the purpose of evasion of this chapter, the provisions of this chapter shall not apply to any offer or disposition of:
(a) Subdivided lands if not more than 15 lots, parcels, units or interests are included in such subdivided lands; provided, however, this exemption shall not apply to subdivided lands involving time share interests;
(b) Subdivided lands pursuant to court order;
(c) Subdivided lands by any government or government agency;
(d) Subdivided lands if all lots, parcels, units and interests are restricted to commercial, industrial or other non-residential use;
(e) Cemetery lots;
(f) Securities or units of interest issued by a real estate investment trust regulated under any state or feder