§ 55.1-2157 Public offering statement; time-shares
If the declaration provides that ownership of cooperative interests or occupancy of any units is or may be in time-shares, the public offering statement shall disclose, in addition to the information required by § 55.1-2155:
1. The number and identity of units in which time-shares may be created;
3. The minimum duration of any time-shares that may be created; and
4. The extent to which the creation of time-shares will or may affect the enforceability of the association’s lien for assessments provided in § 55.1-2149.
History
This law was first created in 1982. The record of its establishment is cataloged in chapter 277 of that year’s edition of “Acts of Assembly,” the annual state publication listing all changes made to the Code of Virginia in that year. Unfortunately, the 1982 “Acts” aren’t available online. It has been modified 1 time. Those modifications are cataloged by “The Acts of Assembly,” a state publication, by year and chapter. Those modifications that can be read on the General Assembly’s website will be linked accordingly. That modification is as follows: in 2019, chapter 712.
1982, c. 277, § 55-480; 2019, c. 712.