Chapter 21. Virginia Real Estate Cooperative ActRead Chapter
- Article 1. General ProvisionsRead all
- § 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 CooperativesRead all
- § 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 CooperativesRead all
- § 55.1-2132
- Organization of the association
- § 55.1-2133
- Powers of the association
- § 55.1-2133.1
- 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; lien; foreclosure
- § 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 PurchasersRead all
- § 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
- Repealed
- § 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 CooperativesRead all
- § 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
