Nev. Rev. Stat. § 116.009

Current through 82nd (2023) Legislative Session Chapter 535 and 34th (2023) Special Session Chapter 1 and 35th (2023) Special Session Chapter 1

Section 116.009 - "Allocated interests" defined

"Allocated interests" means the following interests allocated to each unit:

1. In a condominium, the undivided interest in the common elements, the liability for common expenses, and votes in the association;

2. In a cooperative, the liability for common expenses, the ownership interest and votes in the association; and

3. In a planned community, the liability for common expenses and votes in the association.

NRS 116.009

(Added to NRS by 1991, 536; A 2011, 2416)-(Substituted in revision for NRS 116.110313)

(Added to NRS by 1991, 536; A 2011, 2416, effective 1/1/2012)-(Substituted in revision for NRS 116.110313)