                                 CODE OF VIRGINIA

CANCELLATION OF CEASE AND DESIST ORDER; REINSTATEMENT OF REGISTRATION OF
DEVELOPER (§ 55.1-2248)

A. The Board shall stipulate to the developer or reseller the reason for any
cease and desist order, or revocation of registration as outlined in &#xA7;
55.1-2247, by no later than the time such order or revocation is to become
effective.

B. Should the developer or reseller satisfy the Board that it has corrected the
reasons for the cease and desist order or revocation of registration, then the
Board shall promptly cancel such order or reinstate the registration, and
thereafter the developer or reseller may continue its offering or disposition of
time-shares.

HISTORY: 1981, c. 462, § 55-397; 2012, c. 751; 2019, c. 712.