§ 55.1-2309 Resale certificate; delivery
A. The seller or the seller’s agent shall obtain the resale certificate from the association and provide such resale certificate to the purchaser or the purchaser’s agent. This requirement shall not be waived or changed by agreement.
B. Unless exempt pursuant to § 55.1-2317, the association, the association’s managing agent, or any third party preparing the resale certificate on behalf of the association shall deliver such resale certificate within 14 days after a written request by a seller or seller’s agent. If no resale certificate is delivered within 14 days after such request, the resale certificate shall be deemed unavailable. No association shall require the seller or the seller’s agent to provide the purchaser’s name prior to preparing the resale certificate.
C. The association, association’s managing agent, or any third party preparing the resale certificate on behalf of the association shall deliver the resale certificate to the seller, or to such person as the seller may direct, either printed or in a generally accepted electronic format as the seller may request.
D. The information contained in the resale certificate shall be current as of a date specified on the resale certificate. The seller or purchaser may request an updated resale certificate as provided in § 55.1-2311.
History
This law was first created in 2023. The record of its establishment is cataloged in chapters 388 and 387 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 2 times. 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. Those modifications are as follows: in 2024, chapters 54 and 511; in 2025, chapter 247.
2023, cc. 388, 387; 2024, cc. 54, 511; 2025, c. 247.