                                 CODE OF VIRGINIA

LIMITATION ON LIABILITY OF OFFICERS AND DIRECTORS; ADDITIONAL EXCEPTION (§
13.1-870.2)

A. As used in this section, &#8220;community association&#8221; shall mean an
unincorporated association or corporation which owns or has under its care,
custody or control real estate subject to a recorded declaration of covenants
which obligates a person, by virtue of ownership of specific real estate, to be
a member of the unincorporated association or corporation.

B. In any proceeding against an officer or director who receives compensation
from a community association for his services as such, the damages assessed
arising out of a single transaction, occurrence or course of conduct shall not
exceed the amount of compensation received by the officer or director from the
association during the 12 months immediately preceding the act or omission for
which liability was imposed. An officer or director who serves such an
association without compensation for his services shall not be liable for
damages in any such proceeding.

C. The liability of an officer or director shall not be limited as provided in
this section if the officer or director engaged in willful misconduct or a
knowing violation of the criminal law.

D. The immunity provided by this section shall survive any termination,
cancellation, or other discontinuance of the community association.

HISTORY: 1989, c. 422; 2007, c. 925; 2011, cc. 693, 704.