                                 CODE OF VIRGINIA

MASTER ASSOCIATIONS (§ 55.1-2130)

A. If the declaration provides that any of the powers described in &#xA7;
55.1-2134 are to be exercised by or may be delegated to a for-profit or
nonprofit corporation or unincorporated association that exercises those or
other powers on behalf of one or more cooperatives or for the benefit of the
proprietary lessees of one or more cooperatives, all provisions of this chapter
applicable to associations apply to any such corporation or unincorporated
association, except as modified by this section.

B. Unless a master association is acting in the capacity of an association
described in &#xA7; 55.1-2132, it may exercise the powers set forth in
subdivision A 2 of &#xA7; 55.1-2133 only to the extent expressly permitted in
the declarations of the cooperatives that are part of the master association or
expressly described in the delegations of power from those cooperatives to the
master association.

C. If the declaration of any cooperative provides that the executive board may
delegate certain powers to a master association, the members of the executive
board have no liability for the acts or omissions of the master association with
respect to the delegated powers.

D. The rights and responsibilities of proprietary lessees with respect to the
association set forth in &#xA7;&#xA7; 55.1-2134, 55.1-2140, 55.1-2141,
55.1-2142, and 55.1-2144 apply in the conduct of the affairs of a master
association only to those persons who elect the board of a master association,
whether or not those persons are otherwise proprietary lessees within the
meaning of this chapter.

E. Notwithstanding the provisions of subsection F of § 55.1-2134, with respect
to the election of the executive board of an association by all proprietary
lessees after the period of declarant control ends, and even if a master
association is also an association as described in § 55.1-2132, the certificate
of incorporation or other instrument creating the master association and the
declaration of each cooperative, the powers of which are assigned by the
declaration or delegated to the master association, may provide that the
executive board of the master association must be elected after the period of
declarant control in any of the following ways:

   1. All proprietary lessees of all cooperatives subject to the master
   association may elect all members of that executive board.

   2. All members of the executive boards of all cooperatives subject to the
   master association may elect all members of that executive board.

   3. All proprietary lessees of each cooperative subject to the master
   association may elect specified members of that executive board.

   4. All proprietary lessees of the executive board of each cooperative subject
   to the master association may elect specified members of that executive board.

HISTORY: 1982, c. 277, § 55-456; 2019, c. 712.