Nevada · Through 2025 session (NRS as revised 2026-08-25) · Newer source version available

NRS 116.3114: Surplus funds.

Where this section sits in the code

TITLE 10 — PROPERTY RIGHTS AND TRANSACTIONS
CHAPTER 116 - COMMON-INTEREST OWNERSHIP (UNIFORM ACT)
MANAGEMENT OF COMMON-INTEREST COMMUNITIES
Liabilities, Insurance and Fiscal Affairs

Unless otherwise provided in the declaration, any surplus funds of the association remaining after payment of or provision for common expenses and any prepayment of reserves must be paid to the units’ owners in proportion to their liabilities for common expenses or credited to them to reduce their future assessments for common expenses.

Collected 2026-09-03T05:51:32Z. Source file · JSON

Browse this collection