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<law><site_title>Virginia Decoded</site_title><site_url>https://vacode.org</site_url><law_id>84882</law_id><section_number>55.1-2159</section_number><catch_line>Public offering statement; cooperative securities</catch_line><edition url="https://vacode.org/2025/" slug="2025" current="TRUE" last_updated="">2025</edition><referred_to_by><reference>55.1-2184</reference></referred_to_by><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="4">Protection of Cooperative Purchasers</unit></structure><text>
						<section><p>If an interest in a cooperative is currently registered with the Securities and Exchange Commission of the United States, a <span class="dictionary">declarant</span> satisfies all requirements relating to the preparation of a public <span class="dictionary">offering</span> statement of this chapter if he delivers to the <span class="dictionary">purchaser</span> and files with the agency a copy of the public <span class="dictionary">offering</span> statement filed with the Securities and Exchange Commission. A <span class="dictionary">cooperative interest</span> is not a security under the provisions of the Securities Act, &#xA7;&#xA7;&#xA0;<a class="law" title="Definitions" href="/13.1-501/">13.1-501</a> through <a class="law" title="Commission to provide technical assistance" href="/13.1-527.3/">13.1-527.3</a>.</p></section></text><history>1982, c. 277, &#xA7; 55-482; 2019, c. 712.</history><metadata></metadata></law>
