                                 CODE OF VIRGINIA

TERMINATION OF REGISTRATION (§ 55.1-1981)

A. In the event that all of the units in the condominium have been disposed of
and that all periods for conversion or expansion have expired, the Common
Interest Community Board shall issue an order terminating the registration of
the condominium.

B. Notwithstanding any other provision of this chapter, the Common Interest
Community Board may administratively terminate the registration of a condominium
if:

   1. The declarant has not filed an annual report in accordance with &#xA7;
   55.1-1979 for three or more consecutive years; or

   2. The declarant&#8217;s registration with the State Corporation Commission,
   if applicable, has not been active for five or more consecutive years.

HISTORY: 2012, cc. 481, 797, § 55-79.93:2; 2019, c. 712.