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2019 Code of Virginia
Title 55.1 - Property and Conveyances
Chapter 21 - Virginia Real Estate Cooperative Act
Article 1. General Provisions
- § 55.1-2100. (Effective October 1, 2019) Definitions
- § 55.1-2101. (Effective October 1, 2019) Applicability
- § 55.1-2102. (Effective October 1, 2019) Variation by agreement
- § 55.1-2103. (Effective October 1, 2019) Property classification of cooperative interests; taxation
- § 55.1-2104. (Effective October 1, 2019) Applicability of local ordinances, regulations, and building codes; local authority
- § 55.1-2105. (Effective October 1, 2019) Eminent domain
- § 55.1-2106. (Effective October 1, 2019) General principles of law applicable
- § 55.1-2107. (Effective October 1, 2019) Construction against implicit repeal
- § 55.1-2108. (Effective October 1, 2019) Uniformity of application and construction
- § 55.1-2109. (Effective October 1, 2019) Unconscionable agreement or term of contract
- § 55.1-2110. (Effective October 1, 2019) Obligation of good faith
- § 55.1-2111. (Effective October 1, 2019) Remedies to be liberally administered
Article 2. Creation, Alteration, and Termination of Cooperatives
- § 55.1-2112. (Effective October 1, 2019) Creation of cooperative ownership
- § 55.1-2113. (Effective October 1, 2019) Unit boundaries
- § 55.1-2114. (Effective October 1, 2019) Construction and validity of declaration and bylaws
- § 55.1-2115. (Effective October 1, 2019) Description of units
- § 55.1-2116. (Effective October 1, 2019) Contents of declaration
- § 55.1-2117. (Effective October 1, 2019) Leasehold cooperatives
- § 55.1-2118. (Effective October 1, 2019) Allocation of ownership interests, votes, and common expense liabilities
- § 55.1-2119. (Effective October 1, 2019) Limited common elements
- § 55.1-2120. (Effective October 1, 2019) Exercise of development rights
- § 55.1-2121. (Effective October 1, 2019) Alterations of units
- § 55.1-2122. (Effective October 1, 2019) Relocation of boundaries between adjoining units
- § 55.1-2123. (Effective October 1, 2019) Subdivision of units
- § 55.1-2124. (Effective October 1, 2019) Easement for encroachments
- § 55.1-2125. (Effective October 1, 2019) Use for sales purposes
- § 55.1-2126. (Effective October 1, 2019) Easement rights
- § 55.1-2127. (Effective October 1, 2019) Amendment of declaration
- § 55.1-2128. (Effective October 1, 2019) Termination of cooperative ownership
- § 55.1-2129. (Effective October 1, 2019) Rights of secured lenders
- § 55.1-2130. (Effective October 1, 2019) Master associations
- § 55.1-2131. (Effective October 1, 2019) Merger or consolidation of cooperatives
Article 3. Management of Cooperatives
- § 55.1-2132. (Effective October 1, 2019) Organization of the association
- § 55.1-2133. (Effective October 1, 2019) Powers of the association
- § 55.1-2134. (Effective October 1, 2019) Executive board members and officers
- § 55.1-2135. (Effective October 1, 2019) Transfer of special declarant rights
- § 55.1-2136. (Effective October 1, 2019) Termination of contracts and leases of declarant
- § 55.1-2137. (Effective October 1, 2019) Bylaws
- § 55.1-2138. (Effective October 1, 2019) Upkeep of cooperative
- § 55.1-2139. (Effective October 1, 2019) Common elements; notice of pesticide application
- § 55.1-2140. (Effective October 1, 2019) Meetings
- § 55.1-2141. (Effective October 1, 2019) Quorums
- § 55.1-2142. (Effective October 1, 2019) Voting; proxies
- § 55.1-2143. (Effective October 1, 2019) Tort and contract liability
- § 55.1-2144. (Effective October 1, 2019) Conveyance or encumbrance of the cooperative
- § 55.1-2145. (Effective October 1, 2019) Insurance
- § 55.1-2146. (Effective October 1, 2019) Assessments for common expenses
- § 55.1-2147. (Effective October 1, 2019) Annual budget; reserves for capital components
- § 55.1-2148. (Effective October 1, 2019) Remedies for nonpayment of assessments
- § 55.1-2149. (Effective October 1, 2019) Other liens affecting the cooperative
- § 55.1-2150. (Effective October 1, 2019) Limitation of assumption of debt and encumbrances
- § 55.1-2151. (Effective October 1, 2019) Association records
- § 55.1-2152. (Effective October 1, 2019) Association as trustee
Article 4. Protection of Cooperative Purchasers
- § 55.1-2153. (Effective October 1, 2019) Applicability; waiver
- § 55.1-2154. (Effective October 1, 2019) Liability for public offering statement; requirements
- § 55.1-2155. (Effective October 1, 2019) Public offering statement; general provisions
- § 55.1-2156. (Effective October 1, 2019) Public offering statement; cooperatives subject to development rights
- § 55.1-2157. (Effective October 1, 2019) Public offering statement; time-shares
- § 55.1-2158. (Effective October 1, 2019) Public offering statement; cooperatives containing conversion building
- § 55.1-2159. (Effective October 1, 2019) Public offering statement; cooperative securities
- § 55.1-2160. (Effective October 1, 2019) Purchaser's right to cancel
- § 55.1-2161. (Effective October 1, 2019) Resales of cooperative interests
- § 55.1-2162. (Effective October 1, 2019) Escrow of deposits
- § 55.1-2163. (Effective October 1, 2019) Release of liens
- § 55.1-2164. (Effective October 1, 2019) Conversion buildings
- § 55.1-2165. (Effective October 1, 2019) Express warranties of quality
- § 55.1-2166. (Effective October 1, 2019) Implied warranties of quality
- § 55.1-2167. (Effective October 1, 2019) Exclusion or modification of implied warranties of quality
- § 55.1-2168. (Effective October 1, 2019) Statute of limitations for warranties
- § 55.1-2169. (Effective October 1, 2019) Effect of violation on rights of action; attorney fees; arbitration of disputes
- § 55.1-2170. (Effective October 1, 2019) Labeling of promotional material
- § 55.1-2171. (Effective October 1, 2019) Declarant's obligation to complete and restore
- § 55.1-2172. (Effective October 1, 2019) Substantial completion of units
Article 5. Administration and Registration of Cooperatives
- § 55.1-2173. (Effective October 1, 2019) Common Interest Community Board
- § 55.1-2174. (Effective October 1, 2019) General powers and duties of the Common Interest Community Board
- § 55.1-2175. (Effective October 1, 2019) Registration required
- § 55.1-2176. (Effective October 1, 2019) Application for registration; approval of uncompleted unit
- § 55.1-2177. (Effective October 1, 2019) Receipt of application; order or registration
- § 55.1-2178. (Effective October 1, 2019) Cease and desist order
- § 55.1-2179. (Effective October 1, 2019) Revocation of registration
- § 55.1-2180. (Effective October 1, 2019) Investigative powers of the Common Interest Community Board
- § 55.1-2181. (Effective October 1, 2019) Annual report and amendments
- § 55.1-2182. (Effective October 1, 2019) Annual report by associations
- § 55.1-2183. (Effective October 1, 2019) Common Interest Community Board regulation of public offering statement
- § 55.1-2184. (Effective October 1, 2019) Penalties
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