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34 chapters · 875 sections in this title.
Va. Code Ann. § 55.1-2149 Other liens affecting the cooperative
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A. Regardless of whether his cooperative interest is subject to the claims of the association's creditors, no property of a proprietary lessee other than his cooperative interest is subject to those claims. B. If the association receives notice of an impending foreclosure on all …
Va. Code Ann. § 55.1-2150 Limitation of assumption of debt and encumbrances
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Unless approved by persons entitled to cast at least 80 percent of the votes in the association, including a simple majority of the votes allocated to cooperative interests not owned by a declarant or any larger percentage the declaration specifies, (i) the association shall not …
Va. Code Ann. § 55.1-2151 Association records
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The association shall keep financial records sufficiently detailed to enable the association to comply with § 55.1-2309. All financial and other records shall be made reasonably available for examination by any proprietary lessee and his authorized agents. The association shall m…
Va. Code Ann. § 55.1-2152 Association as trustee
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With respect to a third person dealing with the association in the association's capacity as a trustee, the existence of trust powers and their proper exercise by the association may be assumed without inquiry. A third person is not bound to inquire whether the association has po…