                                 CODE OF VIRGINIA

APPLICABILITY (§ 55.1-2201)

A. This chapter shall have exclusive jurisdiction and shall apply to any product
offering or disposition made within the Commonwealth after July 1, 1985, in a
time-share project located within the Commonwealth. Sections 55.1-2200,
55.1-2201, 55.1-2202, 55.1-2203, 55.1-2204, 55.1-2206, 55.1-2210, 55.1-2211,
55.1-2213, 55.1-2215, 55.1-2216, 55.1-2220, 55.1-2227, 55.1-2229, 55.1-2230,
55.1-2232, 55.1-2233, 55.1-2237, and 55.1-2252 shall apply to a time-share
project within the Commonwealth that was created prior to July 1, 1985.

B. This chapter shall not affect rights or obligations created by preexisting
provisions of any time-share instrument that transfers an estate or interest in
real property.

C. This chapter shall apply to any product offering or disposition in a
time-share project located outside the Commonwealth and offered for sale in the
Commonwealth with the exception that Articles 2 (&#xA7; 55.1-2207 et seq.), 3
(&#xA7; 55.1-2217 et seq.), and 4 (&#xA7; 55.1-2235 et seq.) shall apply only to
the extent permitted by the laws of the situs.

D. This chapter shall apply to any product offering or disposition in a
time-share program, and offered for sale in the Commonwealth, created under a
situs time-sharing law in which the time-share interests in the time-share
program are either direct or indirect beneficial interests in a trust created
pursuant to the situs time-sharing law or other applicable law of the situs.

HISTORY: Code 1950, § 55-361; 1981, c. 462; 1983, c. 59; 1985, c. 517, §
55-361.1; 1986, c. 359; 1989, c. 637; 1991, c. 704; 1994, c. 580; 2019, c. 712;
2020, c. 1011.