55-384 - Class actions. - Virginia Statutes

§ 55-384. Class actions.

A. No time-share owner can bring an action on behalf of other time-shareowners unless he has received the written authorization to represent allother time-share owners within the project.

B. Notwithstanding the provisions of subsection A of this section, theassociation may bring an action on behalf of the time-share owners with theauthorization of the time-share owners within the project upon the two-thirdsmajority vote of the board of directors, if such action is found to be in thebest interest of the association.

C. For purposes of this section, the developer shall not be deemed atime-share owner and his written permission shall not be required.

(1981, c. 462; 1989, c. 637.)