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2020 Code of Virginia
Title 55.1 - Property and Conveyances
Chapter 21 - Virginia Real Estate Cooperative Act
Article 1. General Provisions
- § 55.1-2100. Definitions
- § 55.1-2101. Applicability
- § 55.1-2102. Variation by agreement
- § 55.1-2103. Property classification of cooperative interests; taxation
- § 55.1-2104. Applicability of local ordinances, regulations, and building codes; local authority
- § 55.1-2105. Eminent domain
- § 55.1-2106. General principles of law applicable
- § 55.1-2107. Construction against implicit repeal
- § 55.1-2108. Uniformity of application and construction
- § 55.1-2109. Unconscionable agreement or term of contract
- § 55.1-2110. Obligation of good faith
- § 55.1-2111. Remedies to be liberally administered
Article 2. Creation, Alteration, and Termination of Cooperatives
- § 55.1-2112. Creation of cooperative ownership
- § 55.1-2113. Unit boundaries
- § 55.1-2114. Construction and validity of declaration and bylaws
- § 55.1-2115. Description of units
- § 55.1-2116. Contents of declaration
- § 55.1-2117. Leasehold cooperatives
- § 55.1-2118. Allocation of ownership interests, votes, and common expense liabilities
- § 55.1-2119. Limited common elements
- § 55.1-2120. Exercise of development rights
- § 55.1-2121. Alterations of units
- § 55.1-2122. Relocation of boundaries between adjoining units
- § 55.1-2123. Subdivision of units
- § 55.1-2124. Easement for encroachments
- § 55.1-2125. Use for sales purposes
- § 55.1-2126. Easement rights
- § 55.1-2127. Amendment of declaration
- § 55.1-2128. Termination of cooperative ownership
- § 55.1-2129. Rights of secured lenders
- § 55.1-2130. Master associations
- § 55.1-2131. Merger or consolidation of cooperatives
Article 3. Management of Cooperatives
- § 55.1-2132. Organization of the association
- § 55.1-2133. Powers of the association
- § 55.1-2133.1. (Effective October 1, 2021) Installation of solar energy collection devices
- § 55.1-2134. Executive board members and officers
- § 55.1-2135. Transfer of special declarant rights
- § 55.1-2136. Termination of contracts and leases of declarant
- § 55.1-2137. Bylaws
- § 55.1-2138. Upkeep of cooperative
- § 55.1-2139. Common elements; notice of pesticide application
- § 55.1-2139.1. Electric vehicle charging stations permitted
- § 55.1-2140. Meetings
- § 55.1-2141. Quorums
- § 55.1-2142. Voting; proxies
- § 55.1-2143. Tort and contract liability
- § 55.1-2144. Conveyance or encumbrance of the cooperative
- § 55.1-2145. Insurance
- § 55.1-2146. Assessments for common expenses
- § 55.1-2147. Annual budget; reserves for capital components
- § 55.1-2148. Remedies for nonpayment of assessments
- § 55.1-2149. Other liens affecting the cooperative
- § 55.1-2150. Limitation of assumption of debt and encumbrances
- § 55.1-2151. Association records
- § 55.1-2152. Association as trustee
Article 4. Protection of Cooperative Purchasers
- § 55.1-2153. Applicability; waiver
- § 55.1-2154. Liability for public offering statement; requirements
- § 55.1-2155. Public offering statement; general provisions
- § 55.1-2156. Public offering statement; cooperatives subject to development rights
- § 55.1-2157. Public offering statement; time-shares
- § 55.1-2158. Public offering statement; cooperatives containing conversion building
- § 55.1-2159. Public offering statement; cooperative securities
- § 55.1-2160. Purchaser's right to cancel
- § 55.1-2161. Resales of cooperative interests
- § 55.1-2162. Escrow of deposits
- § 55.1-2163. Release of liens
- § 55.1-2164. Conversion buildings
- § 55.1-2165. Express warranties of quality
- § 55.1-2166. Implied warranties of quality
- § 55.1-2167. Exclusion or modification of implied warranties of quality
- § 55.1-2168. Statute of limitations for warranties
- § 55.1-2169. Effect of violation on rights of action; attorney fees; arbitration of disputes
- § 55.1-2170. Labeling of promotional material
- § 55.1-2171. Declarant's obligation to complete and restore
- § 55.1-2172. Substantial completion of units
Article 5. Administration and Registration of Cooperatives
- § 55.1-2173. Common Interest Community Board
- § 55.1-2174. General powers and duties of the Common Interest Community Board
- § 55.1-2175. Registration required
- § 55.1-2176. Application for registration; approval of uncompleted unit
- § 55.1-2177. Receipt of application; order or registration
- § 55.1-2178. Cease and desist order
- § 55.1-2179. Revocation of registration
- § 55.1-2180. Investigative powers of the Common Interest Community Board
- § 55.1-2181. Annual report and amendments
- § 55.1-2182. Annual report by associations
- § 55.1-2183. Common Interest Community Board regulation of public offering statement
- § 55.1-2184. Penalties
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