2006 Code of Virginia § 55-495 - Substantial completion of units
55-495. Substantial completion of units.
In the case of a sale of a cooperative interest where delivery of a publicoffering statement is required, a contract of sale may be executed, but nointerest in that cooperative interest may be conveyed, except pursuant tosubsection B of 55-498, until the declaration is recorded and the unitwhich is a part of that cooperative interest is substantially completed, asevidenced by a recorded certificate of substantial completion executed by anindependent, registered architect, surveyor or engineer, or by issuance of acertificate of occupancy authorized by law.
(1982, c. 277.)
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