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<law><site_title>Virginia Decoded</site_title><site_url>https://vacode.org</site_url><law_id>65478</law_id><section_number>54.1-2350</section_number><catch_line>Annual report; form to accompany resale certificates</catch_line><edition url="https://vacode.org/2025/" slug="2025" current="TRUE" last_updated="">2025</edition><referred_to_by><reference>55.1-2310</reference></referred_to_by><structure><unit label="title" level="1" order_by="1" identifier="54.1">Professions and Occupations</unit><unit label="subtitle" level="2" order_by="1" identifier="II">Professions and Occupations Regulated by the Department of Professional and Occupational Regulation and Boards Within the Department</unit><unit label="chapter" level="3" order_by="1" identifier="23.3">Common Interest Communities</unit><unit label="article" level="4" order_by="1" identifier="1">Common Interest Community Board</unit></structure><text>
						<section><p>In addition to the provisions of &#xA7;&#xA0;<a class="law" title="Powers and duties of the Board" href="/54.1-2349/">54.1-2349</a>, the <span class="dictionary">Board</span> shall:</p></section>
						<section id="1"><p><span class="prefix-number">1.</span> Administer the provisions of Article 2 (&#xA7; <a class="law" title="Definitions" href="/54.1-2354.1/">54.1-2354.1</a> et seq.); <a id="paragraph-238069" class="section-permalink" href="https://vacode.org/54.1-2350/#1"><i class="fa fa-link"/></a></p></section>
						<section id="2"><p><span class="prefix-number">2.</span> Develop and disseminate an <span class="dictionary">association</span> annual report form for use in accordance with &#xA7;&#xA7; <a class="law" title="Annual report by association" href="/55.1-1835/">55.1-1835</a>, <a class="law" title="Annual report by unit owners' association" href="/55.1-1980/">55.1-1980</a>, and <a class="law" title="Annual report by associations" href="/55.1-2182/">55.1-2182</a>; and <a id="paragraph-238070" class="section-permalink" href="https://vacode.org/54.1-2350/#2"><i class="fa fa-link"/></a></p></section>
						<section id="3"><p><span class="prefix-number">3.</span> Develop and disseminate a standardized resale certificate form, which shall contain <span class="dictionary">disclosure statements</span> in the <span class="dictionary">order</span> listed in &#xA7; <a class="law" title="Resale certificate; form and contents" href="/55.1-2310/">55.1-2310</a>. The form shall provide for the <span class="dictionary">attachment</span> of reference documents and contain space for an <span class="dictionary">association</span> to indicate those disclosures that pertain to its particular community. The form shall also provide that the purchaser remains responsible for his own examination of the resale certificate and of any attached reference documents. <a id="paragraph-238071" class="section-permalink" href="https://vacode.org/54.1-2350/#3"><i class="fa fa-link"/></a></p></section></text><history>2008, cc. 851, 871; 2017, c. 257; 2018, cc. 70, 733; 2019, cc. 390, 712; 2022, cc. 65, 66; 2023, cc. 387, 388.</history><metadata></metadata></law>
