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<law><site_title>Virginia Decoded</site_title><site_url>https://vacode.org</site_url><law_id>75913</law_id><section_number>55.1-2112</section_number><catch_line>Creation of cooperative ownership</catch_line><edition url="https://vacode.org/2025/" slug="2025" current="TRUE" last_updated="">2025</edition><structure><unit label="title" level="1" order_by="1" identifier="55.1">Property and Conveyances</unit><unit label="subtitle" level="2" order_by="1" identifier="IV">Common Interest Communities</unit><unit label="chapter" level="3" order_by="1" identifier="21">Virginia Real Estate Cooperative Act</unit><unit label="article" level="4" order_by="1" identifier="2">Creation, Alteration, and Termination of Cooperatives</unit></structure><text>
						<section><p>A <span class="dictionary">cooperative</span> may be created pursuant to this chapter only by recording a <span class="dictionary">declaration</span> executed in the same manner as a deed and by conveying to the <span class="dictionary">association</span> the <span class="dictionary">real estate</span> subject to that <span class="dictionary">declaration</span>. The <span class="dictionary">declaration</span> shall be recorded in every county or city in which any portion of the <span class="dictionary">cooperative</span> is located, indexed in the grantee&#x2019;s index in the name of the <span class="dictionary">cooperative</span> and the <span class="dictionary">association</span>, and indexed in the grantor&#x2019;s index in the name of each <span class="dictionary">person</span> executing the <span class="dictionary">declaration</span>.</p></section></text><history>1982, c. 277, &#xA7; 55-438; 2019, c. 712.</history><metadata></metadata></law>
