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 Code of Virginia (Last Updated:July 28, 2020)
 TITLE 55.1. Property and Conveyances
 SUBTITLE IV. Common Interest Communities
 CHAPTER 21. Virginia Real Estate Cooperative Act
 ARTICLE 5. Administration and Registration of Cooperatives
 SECTION 55.1-2175. Registration required

  SECTION 55.1-2175. Registration required  

A declarant shall not offer or dispose of a cooperative interest intended for residential use unless the cooperative and the cooperative interest are registered with the Common Interest Community Board. A cooperative consisting of no more than three units that is not subject to development rights is exempt from the requirements of this section.

1982, c. 277, § 55-497; 2019, c. 712 .