                                 CODE OF VIRGINIA

ANNUAL REPORT; FORM TO ACCOMPANY RESALE CERTIFICATES (§ 54.1-2350)

In addition to the provisions of § 54.1-2349, the Board shall:

1. Administer the provisions of Article 2 (&#xA7; 54.1-2354.1 et seq.);

2. Develop and disseminate an association annual report form for use in
accordance with &#xA7;&#xA7; 55.1-1835, 55.1-1980, and 55.1-2182; and

3. Develop and disseminate a standardized resale certificate form, which shall
contain disclosure statements in the order listed in &#xA7; 55.1-2310. The form
shall provide for the attachment of reference documents and contain space for an
association 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.

HISTORY: 2008, cc. 851, 871; 2017, c. 257; 2018, cc. 70, 733; 2019, cc. 390,
712; 2022, cc. 65, 66; 2023, cc. 387, 388.