§ 55.1-1981 Termination of registration
A. In the event that all of the units in the condominium have been disposed of and that all periods for conversion or expansion have expired, the Common Interest Community Board shall issue an order terminating the registration of the condominium.
B. Notwithstanding any other provision of this chapter, the Common Interest Community Board may administratively terminate the registration of a condominium if:
1. The declarant has not filed an annual report in accordance with § 55.1-1979 for three or more consecutive years; or
2. The declarant’s registration with the State Corporation Commission, if applicable, has not been active for five or more consecutive years.
History
This law was first created in 2012. The record of its establishment is cataloged in chapters 481 and 797 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. 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.
2012, cc. 481, 797, § 55-79.93:2; 2019, c. 712.