2015 Code of Virginia
Title 55 - Property and Conveyances
§ 55-440. Construction and validity of declaration and bylaws
A. All provisions of the declaration and bylaws are severable.
B. The rule against perpetuities may not be applied to defeat any provision of the declaration, bylaws or rules and regulations adopted pursuant to subdivision A 1 of ยง 55-459.
C. In the event of a conflict between the provisions of the declaration and the bylaws, the declaration prevails except to the extent the declaration is inconsistent with this chapter.
D. Title to a cooperative interest is not rendered unmarketable or otherwise affected by reason of an insubstantial failure of the declaration to comply with this chapter. Whether a substantial failure impairs marketability is not affected by this chapter.
1982, c. 277.
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