Business Opportunity Sales Act

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This is Chapter 21 of the Code of Virginia, titled “Business Opportunity Sales Act.” It is part of Title 59.1 “Trade and Commerce”.

It’s comprised of the following 8 sections.

§ 59.1-262	Short title
§ 59.1-263	Definitions
§ 59.1-264	Written disclosure statement required
§ 59.1-265	Seller required to obtain bond or establish escrow account; action for damages against bond or account; limitation on liability of surety or escrow agent
§ 59.1-266	Prohibited acts
§ 59.1-267	Contracts required to be in writing; contents
§ 59.1-268	Purchaser's remedies
§ 59.1-269	Penalty; limitation