{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/55.1-2183.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/55.1-2183.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/55.1-2183.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/55.1-2183.html"}],"law_id":56137,"edition_id":1,"section_id":56137,"structure_id":14035,"section_number":"55.1-2183","catch_line":"Common Interest Community Board regulation of public offering statement","history":"1982, c. 277, \u00a7 55-505; 2019, c. 712.","full_text":"A\n\nThe Common Interest Community Board at any time may require a declarant to alter or supplement the form or substance of a public offering statement to assure adequate and accurate disclosure to prospective purchasers.B\n\nThe public offering statement shall not be used for any promotional purpose before registration and shall be used afterwards only if it is used in its entirety. No person shall advertise or represent that the Common Interest Community Board has approved or recommended the cooperative, the disclosure statement, or any of the documents contained in the application for registration.C\n\nIn the case of a cooperative situated wholly outside of the Commonwealth, no application for registration or proposed public offering statement filed with the Common Interest Community Board that has been approved by an agency in the state where the cooperative is located and substantially complies with the requirements of this chapter shall be rejected by the Common Interest Community Board on the grounds of noncompliance with any different or additional requirements imposed by this chapter or by the Common Interest Community Board’s regulations. However, the Common Interest Community Board may require additional documents or information in particular cases to assure adequate and accurate disclosure to prospective purchasers.","order_by":null,"text":{"0":{"id":205738,"text":"The Common Interest Community Board at any time may require a declarant to alter or supplement the form or substance of a public offering statement to assure adequate and accurate disclosure to prospective purchasers.","type":"section","prefixes":["A"],"prefix":"A","entire_prefix":"A","prefix_anchor":"A","level":1,"next_prefix":"B"},"1":{"id":205739,"text":"The public offering statement shall not be used for any promotional purpose before registration and shall be used afterwards only if it is used in its entirety. No person shall advertise or represent that the Common Interest Community Board has approved or recommended the cooperative, the disclosure statement, or any of the documents contained in the application for registration.","type":"section","prefixes":["B"],"prefix":"B","entire_prefix":"B","prefix_anchor":"B","level":1,"prior_prefix":"A","next_prefix":"C"},"2":{"id":205740,"text":"In the case of a cooperative situated wholly outside of the Commonwealth, no application for registration or proposed public offering statement filed with the Common Interest Community Board that has been approved by an agency in the state where the cooperative is located and substantially complies with the requirements of this chapter shall be rejected by the Common Interest Community Board on the grounds of noncompliance with any different or additional requirements imposed by this chapter or by the Common Interest Community Board’s regulations. However, the Common Interest Community Board may require additional documents or information in particular cases to assure adequate and accurate disclosure to prospective purchasers.","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":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},"next_section":{"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},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/55.1-2183\/","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":false,"refers_to":false,"permalink":{"id":247461,"object_type":"law","relational_id":56137,"identifier":"55.1-2183","token":"55.1\/IV\/21\/5\/55.1-2183","url":"\/55.1-2183\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/55.1-2183\/","token":"55.1\/IV\/21\/5\/55.1-2183","dublin_core":{"Title":"Common Interest Community Board regulation of public offering statement","Type":"Text","Format":"text\/html","Identifier":"\u00a7 55.1-2183","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

A.<\/span> The Common Interest Community Board at any time may require a declarant<\/span> to alter or supplement the form or substance of a public offering<\/span> statement to assure adequate and accurate disclosure to prospective purchasers<\/span>. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

B.<\/span> The public offering<\/span> statement shall not be used for any promotional purpose before registration and shall be used afterwards only if it is used in its entirety. No person<\/span> shall advertise or represent that the Common Interest Community Board has approved or recommended the cooperative<\/span>, the disclosure statement<\/span>, or any of the documents contained in the application for registration. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

C.<\/span> In the case of a cooperative<\/span> situated wholly outside of the Commonwealth, no application for registration or proposed public offering<\/span> statement filed with the Common Interest Community Board that has been approved by an agency in the state where the cooperative<\/span> is located and substantially complies with the requirements of this chapter shall be rejected by the Common Interest Community Board on the grounds of noncompliance with any different or additional requirements imposed by this chapter or by the Common Interest Community Board’s regulations. However, the Common Interest Community Board may require additional documents or information in particular cases to assure adequate and accurate disclosure to prospective purchasers<\/span>. <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nCOMMON INTEREST COMMUNITY BOARD REGULATION OF PUBLIC OFFERING STATEMENT (\u00a7\n55.1-2183)\n\nA. The Common Interest Community Board at any time may require a declarant to\nalter or supplement the form or substance of a public offering statement to\nassure adequate and accurate disclosure to prospective purchasers.\n\nB. The public offering statement shall not be used for any promotional purpose\nbefore registration and shall be used afterwards only if it is used in its\nentirety. No person shall advertise or represent that the Common Interest\nCommunity Board has approved or recommended the cooperative, the disclosure\nstatement, or any of the documents contained in the application for\nregistration.\n\nC. In the case of a cooperative situated wholly outside of the Commonwealth, no\napplication for registration or proposed public offering statement filed with\nthe Common Interest Community Board that has been approved by an agency in the\nstate where the cooperative is located and substantially complies with the\nrequirements of this chapter shall be rejected by the Common Interest Community\nBoard on the grounds of noncompliance with any different or additional\nrequirements imposed by this chapter or by the Common Interest Community\nBoard’s regulations. However, the Common Interest Community Board may\nrequire additional documents or information in particular cases to assure\nadequate and accurate disclosure to prospective purchasers.\n\nHISTORY: 1982, c. 277, \u00a7 55-505; 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}}