{"data":{"id":"us-va/va.-code-55.1-2153","jurisdiction":"us-va","citation":"Va. Code § 55.1-2153","heading":"Applicability; waiver","body":"A. This article applies to all cooperative interests subject to this chapter, except as provided in subsection B or as modified or waived by agreement of purchasers of cooperative interests in a cooperative in which all units are restricted to nonresidential use.B. Neither a public offering statement nor a resale certificate need be prepared or delivered in the case of:1. A gratuitous disposition of a cooperative interest;2. A disposition pursuant to court order;3. A disposition by a government or governmental agency;4. A disposition by foreclosure or transfer in lieu of foreclosure;5. A disposition to a person in the business of selling cooperative interests who intends to offer those cooperative interests to purchasers; or6. A disposition that may be canceled at any time and for any reason by the purchaser without penalty.1982, c. 277, § 55-476; 2019, c. 712.","path":["Title 55.1. Property and Conveyances","Subtitle IV. Common Interest Communities","Chapter 21. Virginia Real Estate Cooperative Act","Article 4. Protection of Cooperative Purchasers"],"source_url":"https://law.lis.virginia.gov/vacode/55.1-2153/","current_through":"9/4/2026","vintage":"","retrieved_at":"2026-09-04T15:17:29Z","sha256":"c1d90aee54de555443769493d62fdce190629e2d5edcc6b350fda2b784ddceec","source_id":"us-va","stale":true,"prev":"us-va/va.-code-55.1-2152","next":"us-va/va.-code-55.1-2154"},"notice":"GroundRules: Original legal text. Not legal advice."}