§ 55.1-2158 Public offering statement; cooperatives containing conversion building
A. In addition to the information required by § 55.1-2155, the public offering statement of a cooperative containing any conversion building shall contain:
1. A statement by the declarant, based on a report prepared by an independent, registered architect or engineer, describing the present condition of all structural components and mechanical and electrical installations material to the use and enjoyment of the building;
2. A statement by the declarant of the expected useful life of each item reported on in subdivision 1, or a statement that no representations are made in that regard; and
3. A list of any outstanding notices of uncured violations of building code or other municipal regulations, together with the estimated cost of curing those violations.
B. This section applies only to buildings containing units that may be occupied for residential use.
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, § 55-481; 2019, c. 712.