{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/55.1-2179.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/55.1-2179.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/55.1-2179.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/55.1-2179.html"}],"law_id":60220,"edition_id":1,"section_id":60220,"structure_id":14035,"section_number":"55.1-2179","catch_line":"Revocation of registration","history":"1982, c. 277, \u00a7 55-501; 2019, c. 712.","full_text":"A\n\nThe Common Interest Community Board, after providing notice stating the deficiency complained of and holding a hearing, may issue an order revoking the registration of a cooperative upon determination that a declarant or any officer or principal of a declarant has:1\n\nFailed to comply with a cease and desist order issued by the Common Interest Community Board affecting that cooperative;2\n\nConcealed, diverted, or disposed of any funds or assets of any person in a manner impairing rights of purchasers of cooperative interests in that cooperative;3\n\nFailed to perform any stipulation or agreement made to induce the Common Interest Community Board to issue an order relating to that cooperative;4\n\nIntentionally misrepresented or failed to disclose a material fact in the application for registration; or5\n\nFailed to meet any of the conditions described in §§ 55.1-2176 and 55.1-2177 necessary to qualify for registration.B\n\nWithout the consent of the Common Interest Community Board, a declarant shall not convey, cause to be conveyed, or contract for the conveyance of any cooperative interest while an order revoking the registration of the cooperative is in effect.C\n\nIn appropriate cases, the Common Interest Community Board may issue a cease and desist order in lieu of an order of revocation.","order_by":null,"text":{"0":{"id":220271,"text":"The Common Interest Community Board, after providing notice stating the deficiency complained of and holding a hearing, may issue an order revoking the registration of a cooperative upon determination that a declarant or any officer or principal of a declarant has:","type":"section","prefixes":["A"],"prefix":"A","entire_prefix":"A","prefix_anchor":"A","level":1,"next_prefix":"A1"},"1":{"id":220272,"text":"Failed to comply with a cease and desist order issued by the Common Interest Community Board affecting that cooperative;","type":"section","prefixes":["A","1"],"prefix":"1","entire_prefix":"A1","prefix_anchor":"A1","level":2,"prior_prefix":"A","next_prefix":"A2"},"2":{"id":220273,"text":"Concealed, diverted, or disposed of any funds or assets of any person in a manner impairing rights of purchasers of cooperative interests in that cooperative;","type":"section","prefixes":["A","2"],"prefix":"2","entire_prefix":"A2","prefix_anchor":"A2","level":2,"prior_prefix":"A1","next_prefix":"A3"},"3":{"id":220274,"text":"Failed to perform any stipulation or agreement made to induce the Common Interest Community Board to issue an order relating to that cooperative;","type":"section","prefixes":["A","3"],"prefix":"3","entire_prefix":"A3","prefix_anchor":"A3","level":2,"prior_prefix":"A2","next_prefix":"A4"},"4":{"id":220275,"text":"Intentionally misrepresented or failed to disclose a material fact in the application for registration; or","type":"section","prefixes":["A","4"],"prefix":"4","entire_prefix":"A4","prefix_anchor":"A4","level":2,"prior_prefix":"A3","next_prefix":"A5"},"5":{"id":220276,"text":"Failed to meet any of the conditions described in §§ 55.1-2176 and 55.1-2177 necessary to qualify for registration.","type":"section","prefixes":["A","5"],"prefix":"5","entire_prefix":"A5","prefix_anchor":"A5","level":2,"prior_prefix":"A4","next_prefix":"B"},"6":{"id":220277,"text":"Without the consent of the Common Interest Community Board, a declarant shall not convey, cause to be conveyed, or contract for the conveyance of any cooperative interest while an order revoking the registration of the cooperative is in effect.","type":"section","prefixes":["B"],"prefix":"B","entire_prefix":"B","prefix_anchor":"B","level":1,"prior_prefix":"A5","next_prefix":"C"},"7":{"id":220278,"text":"In appropriate cases, the Common Interest Community Board may issue a cease and desist order in lieu of an order of revocation.","type":"section","prefixes":["C"],"prefix":"C","entire_prefix":"C","prefix_anchor":"C","level":1,"prior_prefix":"B"}},"ancestry":[{"id":14035,"edition_id":1,"name":"Administration and Registration of Cooperatives","identifier":"5","label":"article","depth":4,"order_by":1,"parent_id":13509,"metadata":{},"date_created":"2026-06-26 03:46:39","date_modified":"2026-06-26 03:46:39","permalink":{"id":247419,"object_type":"structure","relational_id":14035,"identifier":"5","token":"55.1\/IV\/21\/5","url":"\/55.1\/IV\/21\/5\/","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 03:45:06","permalink":{"id":247109,"object_type":"structure","relational_id":13509,"identifier":"21","token":"55.1\/IV\/21","url":"\/55.1\/IV\/21\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12914,"edition_id":1,"name":"Common Interest Communities","identifier":"IV","label":"subtitle","depth":2,"order_by":1,"parent_id":12707,"metadata":{},"date_created":"2026-06-26 03:44:01","date_modified":"2026-06-26 03:44:01","permalink":{"id":246473,"object_type":"structure","relational_id":12914,"identifier":"IV","token":"55.1\/IV","url":"\/55.1\/IV\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12707,"edition_id":1,"name":"Property and Conveyances","identifier":"55.1","label":"title","depth":1,"order_by":1,"parent_id":null,"metadata":{},"date_created":"2026-06-26 03:43:49","date_modified":"2026-06-26 03:43:49","permalink":{"id":244769,"object_type":"structure","relational_id":12707,"identifier":"55.1","token":"55.1","url":"\/55.1\/","edition_id":1,"permalink":0,"preferred":1}}],"structure_contents":[{"id":58593,"structure_id":14035,"section_number":"55.1-2173","catch_line":"Common Interest Community Board","url":"\/55.1-2173\/","token":"55.1\/IV\/21\/5\/55.1-2173","metadata":false},{"id":55127,"structure_id":14035,"section_number":"55.1-2174","catch_line":"General powers and duties of the Common Interest Community Board","url":"\/55.1-2174\/","token":"55.1\/IV\/21\/5\/55.1-2174","metadata":false},{"id":81963,"structure_id":14035,"section_number":"55.1-2175","catch_line":"Registration required","url":"\/55.1-2175\/","token":"55.1\/IV\/21\/5\/55.1-2175","metadata":false},{"id":57993,"structure_id":14035,"section_number":"55.1-2176","catch_line":"Application for registration; approval of uncompleted unit","url":"\/55.1-2176\/","token":"55.1\/IV\/21\/5\/55.1-2176","metadata":false},{"id":63020,"structure_id":14035,"section_number":"55.1-2177","catch_line":"Receipt of application; order or registration","url":"\/55.1-2177\/","token":"55.1\/IV\/21\/5\/55.1-2177","metadata":false},{"id":55448,"structure_id":14035,"section_number":"55.1-2178","catch_line":"Cease and desist order","url":"\/55.1-2178\/","token":"55.1\/IV\/21\/5\/55.1-2178","metadata":false},{"id":60220,"structure_id":14035,"section_number":"55.1-2179","catch_line":"Revocation of registration","url":"\/55.1-2179\/","token":"55.1\/IV\/21\/5\/55.1-2179","metadata":false},{"id":56706,"structure_id":14035,"section_number":"55.1-2180","catch_line":"Investigative powers of the Common Interest Community Board","url":"\/55.1-2180\/","token":"55.1\/IV\/21\/5\/55.1-2180","metadata":false},{"id":77893,"structure_id":14035,"section_number":"55.1-2181","catch_line":"Annual report and amendments","url":"\/55.1-2181\/","token":"55.1\/IV\/21\/5\/55.1-2181","metadata":false},{"id":76413,"structure_id":14035,"section_number":"55.1-2182","catch_line":"Annual report by associations","url":"\/55.1-2182\/","token":"55.1\/IV\/21\/5\/55.1-2182","metadata":false},{"id":56137,"structure_id":14035,"section_number":"55.1-2183","catch_line":"Common Interest Community Board regulation of public offering statement","url":"\/55.1-2183\/","token":"55.1\/IV\/21\/5\/55.1-2183","metadata":false},{"id":70660,"structure_id":14035,"section_number":"55.1-2184","catch_line":"Penalties","url":"\/55.1-2184\/","token":"55.1\/IV\/21\/5\/55.1-2184","metadata":false}],"previous_section":{"id":55448,"structure_id":14035,"section_number":"55.1-2178","catch_line":"Cease and desist order","url":"\/55.1-2178\/","token":"55.1\/IV\/21\/5\/55.1-2178","metadata":false},"next_section":{"id":56706,"structure_id":14035,"section_number":"55.1-2180","catch_line":"Investigative powers of the Common Interest Community Board","url":"\/55.1-2180\/","token":"55.1\/IV\/21\/5\/55.1-2180","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/55.1-2179\/","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":80903,"section_number":"55.1-2154","catch_line":"Liability for public offering statement; requirements","order_by":null,"url":"\/55.1-2154\/"}],"refers_to":[{"id":57993,"section_number":"55.1-2176","catch_line":"Application for registration; approval of uncompleted unit","order_by":null,"url":"\/55.1-2176\/"},{"id":63020,"section_number":"55.1-2177","catch_line":"Receipt of application; order or registration","order_by":null,"url":"\/55.1-2177\/"}],"permalink":{"id":247445,"object_type":"law","relational_id":60220,"identifier":"55.1-2179","token":"55.1\/IV\/21\/5\/55.1-2179","url":"\/55.1-2179\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/55.1-2179\/","token":"55.1\/IV\/21\/5\/55.1-2179","dublin_core":{"Title":"Revocation of registration","Type":"Text","Format":"text\/html","Identifier":"\u00a7 55.1-2179","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

A.<\/span> The Common Interest Community Board, after providing notice stating the deficiency complained of and holding a hearing<\/span>, may issue<\/span> an order<\/span> revoking the registration of a cooperative<\/span> upon determination that a declarant<\/span> or any officer or principal of a declarant<\/span> has: <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

1.<\/span> Failed to comply with a cease and desist order<\/span> issued by the Common Interest Community Board affecting that cooperative<\/span>; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

2.<\/span> Concealed, diverted, or disposed of any funds or assets<\/span> of any person<\/span> in a manner impairing rights of purchasers<\/span> of cooperative interests<\/span> in that cooperative; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

3.<\/span> Failed to perform any stipulation<\/span> or agreement made to induce the Common Interest Community Board to issue<\/span> an order<\/span> relating to that cooperative; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

4.<\/span> Intentionally misrepresented or failed to disclose a material<\/span> fact<\/span> in the application for registration; or <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

5.<\/span> Failed to meet any of the conditions described in §§ 55.1-2176<\/a> and 55.1-2177<\/a> necessary to qualify for registration. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

B.<\/span> Without the consent of the Common Interest Community Board, a declarant<\/span> shall not convey, cause to be conveyed, or contract<\/span> for the conveyance of any cooperative interest<\/span> while an order<\/span> revoking the registration of the cooperative is in effect. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

C.<\/span> In appropriate cases, the Common Interest Community Board may issue<\/span> a cease and desist order<\/span> in lieu of an order<\/span> of revocation<\/span>. <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nREVOCATION OF REGISTRATION (\u00a7 55.1-2179)\n\nA. The Common Interest Community Board, after providing notice stating the\ndeficiency complained of and holding a hearing, may issue an order revoking the\nregistration of a cooperative upon determination that a declarant or any officer\nor principal of a declarant has:\n\n 1. Failed to comply with a cease and desist order issued by the Common\n Interest Community Board affecting that cooperative;\n\n 2. Concealed, diverted, or disposed of any funds or assets of any person in a\n manner impairing rights of purchasers of cooperative interests in that\n cooperative;\n\n 3. Failed to perform any stipulation or agreement made to induce the Common\n Interest Community Board to issue an order relating to that cooperative;\n\n 4. Intentionally misrepresented or failed to disclose a material fact in the\n application for registration; or\n\n 5. Failed to meet any of the conditions described in §§ 55.1-2176\n and 55.1-2177 necessary to qualify for registration.\n\nB. Without the consent of the Common Interest Community Board, a declarant shall\nnot convey, cause to be conveyed, or contract for the conveyance of any\ncooperative interest while an order revoking the registration of the cooperative\nis in effect.\n\nC. In appropriate cases, the Common Interest Community Board may issue a cease\nand desist order in lieu of an order of revocation.\n\nHISTORY: 1982, c. 277, \u00a7 55-501; 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}}