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