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§ 55-1-2317 — Virginia Law | CourtGPT
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  6. § 55-1-2317
Virginia Legal Code

§ 55-1-2317

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A. The resale certificate required by this chapter need not be provided in the case of:\n1. An initial disposition by a declarant;\n2. A disposition of a unit by gift;\n3. A disposition of a unit pursuant to court order if the court so directs;\n4. A disposition of a unit by foreclosure or deed in lieu of foreclosure;\n5. A disposition of a unit by a sale at auction, when the resale certificate was made available as part of the auction package for prospective purchasers prior to the auction; or\n6. A disposition of a unit in a common interest community containing no residential units.\nB. In any transaction in which a resale certificate is required and a trustee acts as the seller in the sale or resale of a unit, the trustee shall obtain the resale certificate from the association and provide the resale certificate to the purchaser.\n2023, cc. 387, 388.