Creation, Alteration, and Termination of Cooperatives

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This is Article 2 of the Code of Virginia, titled “Creation, Alteration, and Termination of Cooperatives.” It is part of Chapter 21 “Virginia Real Estate Cooperative Act”, which is part of Subtitle IV “Common Interest Communities”, which is part of Title 55.1 “Property and Conveyances”.

It’s comprised of the following 20 sections.

§ 55.1-2112	Creation of cooperative ownership
§ 55.1-2113	Unit boundaries
§ 55.1-2114	Construction and validity of declaration and bylaws
§ 55.1-2115	Description of units
§ 55.1-2116	Contents of declaration
§ 55.1-2117	Leasehold cooperatives
§ 55.1-2118	Allocation of ownership interests, votes, and common expense liabilities
§ 55.1-2119	Limited common elements
§ 55.1-2120	Exercise of development rights
§ 55.1-2121	Alterations of units
§ 55.1-2122	Relocation of boundaries between adjoining units
§ 55.1-2123	Subdivision of units
§ 55.1-2124	Easement for encroachments
§ 55.1-2125	Use for sales purposes
§ 55.1-2126	Easement rights
§ 55.1-2127	Amendment of declaration
§ 55.1-2128	Termination of cooperative ownership
§ 55.1-2129	Rights of secured lenders
§ 55.1-2130	Master associations
§ 55.1-2131	Merger or consolidation of cooperatives