55-79.87 - Exemptions from certain provisions of article. - Virginia Statutes

§ 55-79.87. Exemptions from certain provisions of article.

A. Unless the method of offer or disposition is adopted for the purpose ofevasion of this chapter, the provisions of §§ 55-79.88 through 55-79.93,subsections A and C of § 55-79.94, and § 55-79.97 of this chapter do notapply to:

1. Dispositions pursuant to court order;

2. Dispositions by any government or government agency;

3. Offers by the declarant on nonbinding reservation agreements; or

4. Dispositions in a residential condominium in which there are three orfewer units, so long as the condominium instruments do not reserve to thedeclarant the right to create additional condominium units.

B. In cases of dispositions in a condominium where all units are restrictedto nonresidential use, the provisions of §§ 55-79.88 through 55-79.95 of thischapter shall not apply, unless the method of offer or disposition is adoptedfor the purpose of evasion of this chapter.

(1974, c. 416; 1975, c. 415; 1984, c. 427; 1993, c. 667; 2007, c. 266.)