Code of Virginia

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Code of Virginia
Title 55.1. Property and Conveyances [Effective October 1, 2019]
12/6/2019

Chapter 21. Virginia Real Estate Cooperative ActRead Chapter

  • Article 1. General ProvisionsRead all
  • § 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 CooperativesRead all
  • § 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 CooperativesRead all
  • § 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 PurchasersRead all
  • § 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 CooperativesRead all
  • § 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