{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/54.1-2354.1.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/54.1-2354.1.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/54.1-2354.1.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/54.1-2354.1.html"}],"law_id":66664,"edition_id":1,"section_id":66664,"structure_id":16314,"section_number":"54.1-2354.1","catch_line":"Definitions","history":"1993, c. 958; 2008, cc. 851, 871, \u00a7 55-528; 2019, c. 712.","full_text":"As used in this article, unless the context requires a different meaning:\n\t\t“Balance of the fund” means cash, securities that are legal investments for fiduciaries under the provisions of subdivisions A 1, 2, and 4 of \u00a7 2.2-4519, and repurchase agreements secured by obligations of the United States government or any agency thereof, and shall not mean accounts receivable, judgments, notes, accrued interest, or other obligations to the fund.\n\t\t“Claimant” means, upon proper application to the Director, a receiver for a common interest community manager appointed pursuant to \u00a7 54.1-2353 in those cases in which there are not sufficient funds to restore all funds that were or ought to have been held in a fiduciary capacity by the subject common interest community manager or to pay an award of reasonable fees, costs, and expenses to the receiver.\n\t\t“Director” means the Director of the Department of Professional and Occupational Regulation.","order_by":null,"text":{"0":{"id":241815,"text":"As used in this article, unless the context requires a different meaning:\n\t\t“Balance of the fund” means cash, securities that are legal investments for fiduciaries under the provisions of subdivisions A 1, 2, and 4 of \u00a7 2.2-4519, and repurchase agreements secured by obligations of the United States government or any agency thereof, and shall not mean accounts receivable, judgments, notes, accrued interest, or other obligations to the fund.\n\t\t“Claimant” means, upon proper application to the Director, a receiver for a common interest community manager appointed pursuant to \u00a7 54.1-2353 in those cases in which there are not sufficient funds to restore all funds that were or ought to have been held in a fiduciary capacity by the subject common interest community manager or to pay an award of reasonable fees, costs, and expenses to the receiver.\n\t\t“Director” means the Director of the Department of Professional and Occupational Regulation.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"ancestry":[{"id":16314,"edition_id":1,"name":"Common Interest Community Management Information Fund; Common Interest Community Ombudsman; Common Interest Community Management Recovery Fund","identifier":"2","label":"article","depth":4,"order_by":1,"parent_id":13763,"metadata":{},"date_created":"2026-06-26 04:13:43","date_modified":"2026-06-26 04:13:43","permalink":{"id":240463,"object_type":"structure","relational_id":16314,"identifier":"2","token":"54.1\/II\/23.3\/2","url":"\/54.1\/II\/23.3\/2\/","edition_id":1,"permalink":0,"preferred":1}},{"id":13763,"edition_id":1,"name":"Common Interest Communities","identifier":"23.3","label":"chapter","depth":3,"order_by":1,"parent_id":12755,"metadata":{},"date_created":"2026-06-26 03:45:49","date_modified":"2026-06-26 03:45:49","permalink":{"id":240415,"object_type":"structure","relational_id":13763,"identifier":"23.3","token":"54.1\/II\/23.3","url":"\/54.1\/II\/23.3\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12755,"edition_id":1,"name":"Professions and Occupations Regulated by the Department of Professional and Occupational Regulation and Boards Within the Department","identifier":"II","label":"subtitle","depth":2,"order_by":1,"parent_id":12754,"metadata":{},"date_created":"2026-06-26 03:43:51","date_modified":"2026-06-26 03:43:51","permalink":{"id":239415,"object_type":"structure","relational_id":12755,"identifier":"II","token":"54.1\/II","url":"\/54.1\/II\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12754,"edition_id":1,"name":"Professions and Occupations","identifier":"54.1","label":"title","depth":1,"order_by":1,"parent_id":null,"metadata":{},"date_created":"2026-06-26 03:43:51","date_modified":"2026-06-26 03:43:51","permalink":{"id":239313,"object_type":"structure","relational_id":12754,"identifier":"54.1","token":"54.1","url":"\/54.1\/","edition_id":1,"permalink":0,"preferred":1}}],"structure_contents":[{"id":66664,"structure_id":16314,"section_number":"54.1-2354.1","catch_line":"Definitions","url":"\/54.1-2354.1\/","token":"54.1\/II\/23.3\/2\/54.1-2354.1","metadata":false},{"id":87051,"structure_id":16314,"section_number":"54.1-2354.2","catch_line":"Common Interest Community Management Information Fund","url":"\/54.1-2354.2\/","token":"54.1\/II\/23.3\/2\/54.1-2354.2","metadata":false},{"id":79532,"structure_id":16314,"section_number":"54.1-2354.3","catch_line":"Common Interest Community Ombudsman; appointment; powers and duties","url":"\/54.1-2354.3\/","token":"54.1\/II\/23.3\/2\/54.1-2354.3","metadata":false},{"id":68863,"structure_id":16314,"section_number":"54.1-2354.4","catch_line":"Association complaint procedures; final adverse decisions","url":"\/54.1-2354.4\/","token":"54.1\/II\/23.3\/2\/54.1-2354.4","metadata":false},{"id":78911,"structure_id":16314,"section_number":"54.1-2354.5","catch_line":"Common Interest Community Management Recovery Fund","url":"\/54.1-2354.5\/","token":"54.1\/II\/23.3\/2\/54.1-2354.5","metadata":false}],"next_section":{"id":87051,"structure_id":16314,"section_number":"54.1-2354.2","catch_line":"Common Interest Community Management Information Fund","url":"\/54.1-2354.2\/","token":"54.1\/II\/23.3\/2\/54.1-2354.2","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/54.1-2354.1\/","history_text":"

This law was first created in 1993. The record of its establishment is cataloged in chapter 958 of that year\u2019s edition of \u201cActs of Assembly,\u201d the annual state publication listing all changes made to the Code of Virginia in that year. Unfortunately, the 1993 \u201cActs\u201d aren\u2019t available online. It has been modified 2 times. Those modifications are cataloged by \u201cThe Acts of Assembly,\u201d a state publication, by year and chapter. Those modifications that can be read on the General Assembly\u2019s website will be linked accordingly. Those modifications are as follows: in 2008, chapters 851<\/a> and 871<\/a>; in 2019, chapter 712<\/a>.<\/p>","references":[{"id":65478,"section_number":"54.1-2350","catch_line":"Annual report; form to accompany resale certificates","order_by":null,"url":"\/54.1-2350\/"}],"refers_to":[{"id":82053,"section_number":"2.2-4519","catch_line":"Investment of funds by the Virginia Housing Development Authority and the Virginia Resources Authority","order_by":null,"url":"\/2.2-4519\/"},{"id":54774,"section_number":"54.1-2353","catch_line":"Protection of the interests of associations; appointment of receiver for common interest community manager","order_by":null,"url":"\/54.1-2353\/"}],"permalink":{"id":240465,"object_type":"law","relational_id":66664,"identifier":"54.1-2354.1","token":"54.1\/II\/23.3\/2\/54.1-2354.1","url":"\/54.1-2354.1\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/54.1-2354.1\/","token":"54.1\/II\/23.3\/2\/54.1-2354.1","dublin_core":{"Title":"Definitions","Type":"Text","Format":"text\/html","Identifier":"\u00a7 54.1-2354.1","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

As used in this article, unless the context requires a different meaning:\n\t\t“Balance of the fund<\/span>” means cash, securities that are legal investments for fiduciaries under the provisions of subdivisions A 1, 2, and 4 of \u00a7 2.2-4519<\/a>, and repurchase agreements secured by obligations of the United States government or any agency thereof, and shall not mean accounts receivable, judgments<\/span>, notes, accrued interest, or other obligations to the fund.\n\t\t“Claimant” means, upon proper application to the Director<\/span>, a receiver for a common interest community<\/span> manager<\/span> appointed pursuant to \u00a7 54.1-2353<\/a> in those cases in which there are not sufficient funds to restore all funds that were or ought to have been held in a fiduciary capacity by the subject common interest community<\/span> manager<\/span> or to pay an award of reasonable fees, costs, and expenses to the receiver.\n\t\t“Director<\/span>” means the Director<\/span> of the Department of Professional and Occupational Regulation.<\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nDEFINITIONS (\u00a7 54.1-2354.1)\n\nAs used in this article, unless the context requires a different meaning:\n\t\t“Balance of the fund” means cash, securities that are legal\ninvestments for fiduciaries under the provisions of subdivisions A 1, 2, and 4\nof \u00a7 2.2-4519, and repurchase agreements secured by obligations of the United\nStates government or any agency thereof, and shall not mean accounts receivable,\njudgments, notes, accrued interest, or other obligations to the fund.\n\t\t“Claimant” means, upon proper application to the Director, a\nreceiver for a common interest community manager appointed pursuant to \u00a7\n54.1-2353 in those cases in which there are not sufficient funds to restore all\nfunds that were or ought to have been held in a fiduciary capacity by the\nsubject common interest community manager or to pay an award of reasonable fees,\ncosts, and expenses to the receiver.\n\t\t“Director” means the Director of the Department of Professional\nand Occupational Regulation.\n\nHISTORY: 1993, c. 958; 2008, cc. 851, 871, \u00a7 55-528; 2019, c. 712.","edition":{"id":1,"name":"2025","slug":"2025","date_created":"2026-06-21 22:39:22","date_modified":"2026-06-21 22:39:22","current":1,"order_by":1,"last_import":null}}