{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/55.1-2114.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/55.1-2114.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/55.1-2114.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/55.1-2114.html"}],"law_id":86939,"edition_id":1,"section_id":86939,"structure_id":13510,"section_number":"55.1-2114","catch_line":"Construction and validity of declaration and bylaws","history":"1982, c. 277, \u00a7 55-440; 2019, c. 712.","full_text":"A\n\nAll provisions of the declaration and bylaws are severable.B\n\nThe rule against perpetuities shall not be applied to defeat any provision of the declaration, bylaws, or rules and regulations adopted pursuant to subdivision A 1 of § 55.1-2133.C\n\nIn the event of a conflict between the provisions of the declaration and the bylaws, the declaration prevails except to the extent that the declaration is inconsistent with this chapter.D\n\nTitle to a cooperative interest is not rendered unmarketable or otherwise affected by reason of an insubstantial failure of the declaration to comply with this chapter. Whether a substantial failure impairs marketability is not affected by this chapter.","order_by":null,"text":{"0":{"id":311262,"text":"All provisions of the declaration and bylaws are severable.","type":"section","prefixes":["A"],"prefix":"A","entire_prefix":"A","prefix_anchor":"A","level":1,"next_prefix":"B"},"1":{"id":311263,"text":"The rule against perpetuities shall not be applied to defeat any provision of the declaration, bylaws, or rules and regulations adopted pursuant to subdivision A 1 of § 55.1-2133.","type":"section","prefixes":["B"],"prefix":"B","entire_prefix":"B","prefix_anchor":"B","level":1,"prior_prefix":"A","next_prefix":"C"},"2":{"id":311264,"text":"In the event of a conflict between the provisions of the declaration and the bylaws, the declaration prevails except to the extent that the declaration is inconsistent with this chapter.","type":"section","prefixes":["C"],"prefix":"C","entire_prefix":"C","prefix_anchor":"C","level":1,"prior_prefix":"B","next_prefix":"D"},"3":{"id":311265,"text":"Title to a cooperative interest is not rendered unmarketable or otherwise affected by reason of an insubstantial failure of the declaration to comply with this chapter. Whether a substantial failure impairs marketability is not affected by this chapter.","type":"section","prefixes":["D"],"prefix":"D","entire_prefix":"D","prefix_anchor":"D","level":1,"prior_prefix":"C"}},"ancestry":[{"id":13510,"edition_id":1,"name":"Creation, Alteration, and Termination of Cooperatives","identifier":"2","label":"article","depth":4,"order_by":1,"parent_id":13509,"metadata":{},"date_created":"2026-06-26 03:45:06","date_modified":"2026-06-26 03:45:06","permalink":{"id":247161,"object_type":"structure","relational_id":13510,"identifier":"2","token":"55.1\/IV\/21\/2","url":"\/55.1\/IV\/21\/2\/","edition_id":1,"permalink":0,"preferred":1}},{"id":13509,"edition_id":1,"name":"Virginia Real Estate Cooperative Act","identifier":"21","label":"chapter","depth":3,"order_by":1,"parent_id":12914,"metadata":{},"date_created":"2026-06-26 03:45:06","date_modified":"2026-06-26 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units","url":"\/55.1-2115\/","token":"55.1\/IV\/21\/2\/55.1-2115","metadata":false},{"id":60682,"structure_id":13510,"section_number":"55.1-2116","catch_line":"Contents of declaration","url":"\/55.1-2116\/","token":"55.1\/IV\/21\/2\/55.1-2116","metadata":false},{"id":72102,"structure_id":13510,"section_number":"55.1-2117","catch_line":"Leasehold cooperatives","url":"\/55.1-2117\/","token":"55.1\/IV\/21\/2\/55.1-2117","metadata":false},{"id":66972,"structure_id":13510,"section_number":"55.1-2118","catch_line":"Allocation of ownership interests, votes, and common expense liabilities","url":"\/55.1-2118\/","token":"55.1\/IV\/21\/2\/55.1-2118","metadata":false},{"id":84579,"structure_id":13510,"section_number":"55.1-2119","catch_line":"Limited common elements","url":"\/55.1-2119\/","token":"55.1\/IV\/21\/2\/55.1-2119","metadata":false},{"id":65450,"structure_id":13510,"section_number":"55.1-2120","catch_line":"Exercise of development 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associations","url":"\/55.1-2130\/","token":"55.1\/IV\/21\/2\/55.1-2130","metadata":false},{"id":71160,"structure_id":13510,"section_number":"55.1-2131","catch_line":"Merger or consolidation of cooperatives","url":"\/55.1-2131\/","token":"55.1\/IV\/21\/2\/55.1-2131","metadata":false}],"previous_section":{"id":82447,"structure_id":13510,"section_number":"55.1-2113","catch_line":"Unit boundaries","url":"\/55.1-2113\/","token":"55.1\/IV\/21\/2\/55.1-2113","metadata":false},"next_section":{"id":71260,"structure_id":13510,"section_number":"55.1-2115","catch_line":"Description of units","url":"\/55.1-2115\/","token":"55.1\/IV\/21\/2\/55.1-2115","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/55.1-2114\/","history_text":"

This law was first created in 1982. The record of its establishment is cataloged in chapter 277 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 1982 \u201cActs\u201d aren\u2019t available online. It has been modified 1 time. 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. That modification is as follows: in 2019, chapter 712<\/a>.<\/p>","references":[{"id":80253,"section_number":"55.1-2101","catch_line":"Applicability","order_by":null,"url":"\/55.1-2101\/"}],"refers_to":false,"permalink":{"id":247171,"object_type":"law","relational_id":86939,"identifier":"55.1-2114","token":"55.1\/IV\/21\/2\/55.1-2114","url":"\/55.1-2114\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/55.1-2114\/","token":"55.1\/IV\/21\/2\/55.1-2114","dublin_core":{"Title":"Construction and validity of declaration and bylaws","Type":"Text","Format":"text\/html","Identifier":"\u00a7 55.1-2114","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

A.<\/span> All provisions of the declaration<\/span> and bylaws are severable. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

B.<\/span> The rule against perpetuities shall not be applied to defeat any provision of the declaration<\/span>, bylaws, or rules and regulations adopted pursuant to subdivision A 1 of § 55.1-2133<\/a>. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

C.<\/span> In the event of a conflict between the provisions of the declaration<\/span> and the bylaws, the declaration<\/span> prevails except to the extent that the declaration<\/span> is inconsistent with this chapter. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

D.<\/span> Title to a cooperative interest<\/span> is not rendered unmarketable or otherwise affected by reason of an insubstantial failure of the declaration<\/span> to comply with this chapter. Whether a substantial failure impairs marketability is not affected by this chapter. <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nCONSTRUCTION AND VALIDITY OF DECLARATION AND BYLAWS (\u00a7 55.1-2114)\n\nA. All provisions of the declaration and bylaws are severable.\n\nB. The rule against perpetuities shall not be applied to defeat any provision of\nthe declaration, bylaws, or rules and regulations adopted pursuant to\nsubdivision A 1 of § 55.1-2133.\n\nC. In the event of a conflict between the provisions of the declaration and the\nbylaws, the declaration prevails except to the extent that the declaration is\ninconsistent with this chapter.\n\nD. Title to a cooperative interest is not rendered unmarketable or otherwise\naffected by reason of an insubstantial failure of the declaration to comply with\nthis chapter. Whether a substantial failure impairs marketability is not\naffected by this chapter.\n\nHISTORY: 1982, c. 277, \u00a7 55-440; 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}}