Management Of Cooperatives
This is Article 3 of the Code of Virginia, titled “Management Of Cooperatives.” It is part of Title 55, titled “Property And Conveyances.” It is part of Chapter 24, titled “Virginia Real Estate Cooperative Act.” It’s comprised of the following 21 sections.
- § 55-458
- Organization of the association
- § 55-459
- Powers of the association
- § 55-460
- Executive board members and officers
- § 55-461
- Transfer of special declarant rights
- § 55-462
- Termination of contracts and leases of declarant
- § 55-463
- Bylaws
- § 55-464
- Upkeep of cooperative
- § 55-464.1
- Common elements; notice of pesticide application
- § 55-465
- Meetings
- § 55-466
- Quorums
- § 55-467
- Voting; proxies
- § 55-468
- Tort and contract liability
- § 55-469
- Conveyance or encumbrance of the cooperative
- § 55-470
- Insurance
- § 55-471
- Assessments for common expenses
- § 55-471.1
- Reserves for capital components
- § 55-472
- Remedies for nonpayment of assessments
- § 55-473
- Other liens affecting the cooperative
- § 55-473.1
- Limitation of assumption of debt and encumbrances
- § 55-474
- Association records
- § 55-475
- Association as trustee