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Current as of January 01, 2025 | Updated by Findlaw Staff
If the declaration provides that ownership of cooperative interests or occupancy of any units is or may be in time-shares, the public offering statement shall disclose, in addition to the information required by § 55.1-2155:
1. The number and identity of units in which time-shares may be created;
2. The total number of time-shares that may be created;
3. The minimum duration of any time-shares that may be created; and
4. The extent to which the creation of time-shares will or may affect the enforceability of the association's lien for assessments provided in § 55.1-2149.
Cite this article: FindLaw.com - Virginia Code Title 55.1. Property and Conveyances § 55.1-2157. Public offering statement; time-shares - last updated January 01, 2025 | https://codes.findlaw.com/va/title-55-1-property-and-conveyances/va-code-sect-55-1-2157/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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