Common interest communities; termination of certain management contracts; transfer of association books and records. Provides that within a reasonable time after termination of a management contract and without additional cost to the association a common interest community manager shall transfer and release all funds and close bank accounts maintained on behalf of an association. This bill incorporates HB 2292.
Statutes affected: Introduced: 54.1-2353, 54.1-2354.5, 55.1-1837, 55.1-1940.1
General Laws Subcommittee Substitute: 54.1-2353, 54.1-2354.5, 55.1-1837, 55.1-1940.1
General Laws Substitute: 54.1-2353, 54.1-2354.5, 55.1-1837, 55.1-1940.1
Enrolled: 54.1-2353, 54.1-2354.5, 55.1-1837, 55.1-1940.1
Chaptered: 54.1-2353, 54.1-2354.5, 55.1-1837, 55.1-1940.1