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HB 1554 Property Owners' Association Act; amendment of declaration adopted prior to July 1, 2017.
SUMMARY AS PASSED: (all summaries)
Property Owners' Association Act; amendment of declaration. Provides that except as otherwise provided in the declaration of a property owners' association, a declaration may be amended by a two-thirds vote of the owners. The bill is in response to the Virginia Supreme Court decision in February 2016 in Tvardek v. Powhatan Village Homeowners Association, Inc.