NRS 116B.725
Applicability

  • exceptions.

1.

Except as otherwise provided in subsection 2, NRS 116B.725 to 116B.795, inclusive, apply to all condominium hotels.

2.

Neither a public offering statement nor a certificate of resale need be prepared or delivered in the case of a:

(a)

Gratuitous disposition of a unit;

(b)

Disposition pursuant to court order;

(c)

Disposition by a government or governmental agency;

(d)

Disposition by foreclosure or deed in lieu of foreclosure;

(e)

Disposition to a dealer;

(f)

Disposition that may be cancelled at any time and for any reason by the purchaser without penalty; or

(g)

Disposition of a unit not used for residential use.

Source: Section 116B.725 — Applicability; exceptions., https://www.­leg.­state.­nv.­us/NRS/NRS-116B.­html#NRS116BSec725.

Last Updated

Feb. 5, 2021

§ 116B.725’s source at nv​.us