Section 55.1-1972 - Exemptions from certain provisions of articleA. Unless the method of offer or disposition is adopted for the purpose of evasion of this chapter, the provisions of §§ 55.1-1974 through 55.1-1979, subsections B and D of § 55.1-1982, and §§ 55.1-2308 and 55.1-2309 do not apply to:1. Dispositions pursuant to court order;2. Dispositions by any government or government agency;3. Offers by the declarant on nonbinding reservation agreements;4. Dispositions in a residential condominium in which there are three or fewer units, so long as the condominium instruments do not reserve to the declarant the right to create additional condominium units; or5. A disposition of a unit by a sale at an auction where a current public offering statement or resale certificate was made available as part of an auction package for prospective purchasers prior to the auction sale.B. In cases of dispositions in a condominium where all units are restricted to nonresidential use, the provisions of §§ 55.1-1974 through 55.1-1983 shall not apply, unless the method of offer or disposition is adopted for the purpose of evasion of this chapter.1974, c. 416, § 55-79.87; 1975, c. 415; 1984, c. 427; 1993, c. 667; 2007, c. 266; 2012, c. 325; 2015, c. 277; 2019, c. 712; 2023, cc. 387, 388.Amended by Acts 2023 c. 388,§ 1, eff. 7/1/2023.Amended by Acts 2023 c. 387,§ 1, eff. 7/1/2023.Added by Acts 2019 c. 712, § 1, eff. 10/1/2019.