NRS 116.3118

Maintenance and availability of certain financial records necessary to provide information required for resale of units; right of units’ owners to inspect, examine, photocopy and audit records of association

Known as the Uniform Common-Interest Ownership Act

The act spans §§ 116–116 (235 sections).

Applied in 2 court decisions — leading case Dezzani v. Kern & Assocs., Ltd. (2018)

Most recently applied in Dezzani v. Kern & Assocs., Ltd. (March 2018)

(Added to NRS by 1991, 571; A 1995, 2231; 2003, 2247)

1. The association shall keep financial records sufficiently detailed to enable the association to comply with NRS 116.4109.

2. All financial and other records of the association must be:

(a) Maintained and made available for review at the business office of the association or some other suitable location within the county where the common-interest community is situated or, if it is situated in more than one county, within one of those counties; and

(b) Made reasonably available for any unit’s owner and his or her authorized agents to inspect, examine, photocopy and audit.

Official source: Nevada Legislature. Reproduced from public-domain Nevada statutes; confirm against the official source for the current text. Not legal advice.