Code of Virginia

Creating a Report: Check the sections you'd like to appear in the report, then use the "Create Report" button at the bottom of the page to generate your report. Once the report is generated you'll then have the option to download it as a pdf, print or email the report.

Code of Virginia
Title 55. Property and Conveyances [Repealed Effective October 1, 2019]
8/25/2019

Chapter 24. Virginia Real Estate Cooperative ActRead Chapter

  • Article 1. General ProvisionsRead all
  • § 55-424
    (Repealed effective October 1, 2019) Title
    § 55-425
    (Repealed effective October 1, 2019) Applicability
    § 55-426
    (Repealed effective October 1, 2019) Definitions
    § 55-427
    (Repealed effective October 1, 2019) Variation by agreement
    § 55-428
    (Repealed effective October 1, 2019) Property classification of cooperative interests; taxation
    § 55-429
    (Repealed effective October 1, 2019) Applicability of local ordinances, regulations and building codes; county and municipal authority
    § 55-430
    (Repealed effective October 1, 2019) Eminent domain
    § 55-431
    (Repealed effective October 1, 2019) General principles of law applicable
    § 55-432
    (Repealed effective October 1, 2019) Construction against implicit repeal
    § 55-433
    (Repealed effective October 1, 2019) Uniformity of application and construction
    § 55-434
    (Repealed effective October 1, 2019) Unconscionable agreement or term of contract
    § 55-435
    (Repealed effective October 1, 2019) Obligation of good faith
    § 55-436
    (Repealed effective October 1, 2019) Remedies to be liberally administered
    § 55-437
    Repealed
  • Article 2. Creation, Alteration and Termination of CooperativesRead all
  • § 55-438
    (Repealed effective October 1, 2019) Creation of cooperative ownership
    § 55-439
    (Repealed effective October 1, 2019) Unit boundaries
    § 55-440
    (Repealed effective October 1, 2019) Construction and validity of declaration and bylaws
    § 55-441
    (Repealed effective October 1, 2019) Description of units
    § 55-442
    (Repealed effective October 1, 2019) Contents of declaration
    § 55-443
    (Repealed effective October 1, 2019) Leasehold cooperatives
    § 55-444
    (Repealed effective October 1, 2019) Allocation of ownership interests, votes and common expense liabilities
    § 55-445
    (Repealed effective October 1, 2019) Limited common elements
    § 55-446
    (Repealed effective October 1, 2019) Exercise of development rights
    § 55-447
    (Repealed effective October 1, 2019) Alterations of units
    § 55-448
    (Repealed effective October 1, 2019) Relocation of boundaries between adjoining units
    § 55-449
    (Repealed effective October 1, 2019) Subdivision of units
    § 55-450
    (Repealed effective October 1, 2019) Easement for encroachments
    § 55-451
    (Repealed effective October 1, 2019) Use for sales purposes
    § 55-452
    (Repealed effective October 1, 2019) Easement rights
    § 55-453
    (Repealed effective October 1, 2019) Amendment of declaration
    § 55-454
    (Repealed effective October 1, 2019) Termination of cooperative ownership
    § 55-455
    (Repealed effective October 1, 2019) Rights of secured lenders
    § 55-456
    (Repealed effective October 1, 2019) Master associations
    § 55-457
    (Repealed effective October 1, 2019) Merger or consolidation of cooperatives
  • Article 3. Management of CooperativesRead all
  • § 55-458
    (Repealed effective October 1, 2019) Organization of the association
    § 55-459
    (Repealed effective October 1, 2019) Powers of the association
    § 55-460
    (Repealed effective October 1, 2019) Executive board members and officers
    § 55-461
    (Repealed effective October 1, 2019) Transfer of special declarant rights
    § 55-462
    (Repealed effective October 1, 2019) Termination of contracts and leases of declarant
    § 55-463
    (Repealed effective October 1, 2019) Bylaws
    § 55-464
    (Repealed effective October 1, 2019) Upkeep of cooperative
    § 55-464.1
    (Repealed effective October 1, 2019) Common elements; notice of pesticide application
    § 55-465
    (Repealed effective October 1, 2019) Meetings
    § 55-466
    (Repealed effective October 1, 2019) Quorums
    § 55-467
    (Repealed effective October 1, 2019) Voting; proxies
    § 55-468
    (Repealed effective October 1, 2019) Tort and contract liability
    § 55-469
    (Repealed effective October 1, 2019) Conveyance or encumbrance of the cooperative
    § 55-470
    (Repealed effective October 1, 2019) Insurance
    § 55-471
    (Repealed effective October 1, 2019) Assessments for common expenses
    § 55-471.1
    (Repealed effective October 1, 2019) Annual budget; reserves for capital components
    § 55-472
    (Repealed effective October 1, 2019) Remedies for nonpayment of assessments
    § 55-473
    (Repealed effective October 1, 2019) Other liens affecting the cooperative
    § 55-473.1
    (Repealed effective October 1, 2019) Limitation of assumption of debt and encumbrances
    § 55-474
    (Repealed effective October 1, 2019) Association records
    § 55-475
    (Repealed effective October 1, 2019) Association as trustee
  • Article 4. Protection of Cooperative PurchasersRead all
  • § 55-476
    (Repealed effective October 1, 2019) Applicability; waiver
    § 55-477
    (Repealed effective October 1, 2019) Liability for public offering statement; requirements
    § 55-478
    (Repealed effective October 1, 2019) Public offering statement; general provisions
    § 55-479
    (Repealed effective October 1, 2019) Public offering statement; cooperatives subject to development rights
    § 55-480
    (Repealed effective October 1, 2019) Public offering statement; time shares
    § 55-481
    (Repealed effective October 1, 2019) Public offering statement; cooperatives containing conversion building
    § 55-482
    (Repealed effective October 1, 2019) Public offering statement; cooperative securities
    § 55-483
    (Repealed effective October 1, 2019) Purchaser's right to cancel
    § 55-484
    (Repealed effective October 1, 2019) Resales of cooperative interests
    § 55-485
    (Repealed effective October 1, 2019) Escrow of deposits
    § 55-486
    (Repealed effective October 1, 2019) Release of liens
    § 55-487
    (Repealed effective October 1, 2019) Conversion buildings
    § 55-488
    (Repealed effective October 1, 2019) Express warranties of quality
    § 55-489
    (Repealed effective October 1, 2019) Implied warranties of quality
    § 55-490
    (Repealed effective October 1, 2019) Exclusion or modification of implied warranties of quality
    § 55-491
    (Repealed effective October 1, 2019) Statute of limitations for warranties
    § 55-492
    (Repealed effective October 1, 2019) Effect of violation on rights of action; attorney's fees; arbitration of disputes
    § 55-493
    (Repealed effective October 1, 2019) Labeling of promotional material
    § 55-494
    (Repealed effective October 1, 2019) Declarant's obligation to complete and restore
    § 55-495
    (Repealed effective October 1, 2019) Substantial completion of units
  • Article 5. Administration and Registration of CooperativesRead all
  • § 55-496
    (Repealed effective October 1, 2019) Administrative agency
    § 55-497
    (Repealed effective October 1, 2019) Registration required
    § 55-498
    (Repealed effective October 1, 2019) Application for registration; approval of uncompleted unit
    § 55-499
    (Repealed effective October 1, 2019) Receipt of application; order or registration
    § 55-500
    (Repealed effective October 1, 2019) Cease and desist order
    § 55-501
    (Repealed effective October 1, 2019) Revocation of registration
    § 55-502
    (Repealed effective October 1, 2019) General powers and duties of agency
    § 55-503
    (Repealed effective October 1, 2019) Investigative powers of agency
    § 55-504
    (Repealed effective October 1, 2019) Annual report and amendments
    § 55-504.1
    (Repealed effective October 1, 2019) Annual report by associations
    § 55-505
    (Repealed effective October 1, 2019) Agency regulation of public offering statement
    § 55-506
    (Repealed effective October 1, 2019) Penalties