c Richmond Sunlight » 2013 » Virginia Property Owners' Association Act; limitation on amendment to declaration. (SB1315)

Virginia Property Owners' Association Act; limitation on amendment to declaration. (SB1315)

Introduced By

Sen. Dick Black (R-Leesburg)

Progress

Introduced
Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law

Description

Virginia Property Owners' Association Act; amendment of declaration; control of association by declarant. Provides that if there is any lot owner other than the declarant, then the declarant may not amend 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. In addition, the bill provides that the association disclosure packet shall contain a statement setting forth information regarding the transfer of control of the board of directors or association to the lot owners, including (i) the number of lots in the recorded subdivision, (ii) the current number of members on the board of directors, (iii) the number of members of the board of directors who are appointed by the declarant, and (iv) the method for determining the point when the transfer of control will take place. Amends § 55-509.10, § 55-509.5, of the Code of Virginia. Read the Bill »

Status

01/18/2013: Awaiting a Vote in the General Laws and Technology Committee

History

  • 01/18/2013 Presented and ordered printed 13103338D
  • 01/18/2013 Referred to Committee on General Laws and Technology
  • 01/28/2013 Passed by indefinitely in General Laws and Technology (7-Y 6-N) (see vote tally)