2010 Code of Virginia
Title 55 - PROPERTY AND CONVEYANCES.
Chapter 21 - The Virginia Real Estate Time-Share Act (55-360 thru 55-400)
55-397 - Cancellation of cease and desist order; reinstatement of registration of developer.
§ 55-397. Cancellation of cease and desist order; reinstatement of registration of developer.
A. The Board shall stipulate to the developer the reason for any cease and desist order, or revocation of registration as outlined in § 55-396, by no later than the time such order or revocation is to become effective.
B. Should the developer satisfy the Board that it has corrected the reasons for the cease and desist order or revocation of registration, then the Board shall promptly cancel such order or reinstate the registration, and thereafter the developer may continue its offering or disposition of time-shares.
(1981, c. 462.)
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