VA SB1253 | 2011 | Regular Session

Status

Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on January 12 2011 - 25% progression, died in chamber
Action: 2011-01-26 - Senate: Letter sent to Virginia Housing Commission
Text: Latest bill text (Introduced) [HTML]

Summary

Virginia Property Owners' Association Act; control of association by declarant. Provides that a declaration may allow for declarant control of an association and its board of directors until three months after 80 percent of all lots that the declarant has reserved the right to develop in all phases of development have been conveyed to a person other than a declarant. The bill also provides that the declarant has the right to develop all additional lots in accordance with provisions in effect at the time of transfer of control and gives the declarant a seat on the board of the association until such time as all lots have been conveyed to a person other than a declarant. In addition, the bill prohibits, unless the declaration expressly provides otherwise, a declarant from amending the declaration to extend the period of declarant control including the power to appoint and remove some or all of the members of the board of directors or to exercise powers and responsibilities otherwise assigned to the board of directors or association unless the amendment is agreed to by 100 percent of the votes of the association.

Tracking Information

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Title

Virginia Property Owners' Association Act; control of association by declarant.

Sponsors


Roll Calls


History

DateChamberAction
2011-01-26 Senate: Letter sent to Virginia Housing Commission
2011-01-26 Senate: Passed by indefinitely in General Laws and Technology with letter (14-Y 0-N)
2011-01-12 Senate: Referred to Committee on General Laws and Technology
2011-01-12 Senate: Prefiled and ordered printed; offered 01/12/11 11100256D

Subjects


Virginia State Sources


Bill Comments

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