Current with changes from the 2024 legislative session through ch. 845
Section 55.1-2232 - Class actionsA. No time-share owner can bring an action on behalf of other time-share owners unless he has received the written authorization to represent all other time-share owners within the project.B. Notwithstanding the provisions of subsection A, the association may bring an action on behalf of the time-share owners with the authorization of the time-share owners within the project upon the two-thirds majority vote of the board of directors, if such action is found to be in the best interest of the association.C. For purposes of this section, the developer shall not be deemed a time-share owner and his written permission shall not be required.1981, c. 462, § 55-384; 1989, c. 637; 2019, c. 712.Added by Acts 2019 c. 712, § 1, eff. 10/1/2019.