If a common-interest community composed of not more than 12 units is not subject to any developmental rights and no power is reserved to a declarant to make the common-interest community part of a larger common-interest community, group of common-interest communities or other real estate, a public offering statement may include the information otherwise required by paragraphs (h) and (k) of subsection 1 of NRS 116.4103.
NRS 116.41035
Public offering statement: Limitations for certain small offerings
Known as the Uniform Common-Interest Ownership Act
The act spans §§ 116–116 (235 sections).
Applied in 1 court decision — leading case D.R. Horton, Inc. v. Eighth Judicial District Court (2009)
Most recently applied in D.R. Horton, Inc. v. Eighth Judicial District Court (September 2009)
(Added to NRS by 1991, 573; A 1993, 553, 2376; 2011, 2455)
Official source: Nevada Legislature. Reproduced from public-domain Nevada statutes; confirm against the official source for the current text. Not legal advice.