Statutes, codes, and regulations
Nevada Revised Statutes
Title 10 - PROPERTY RIGHTS AND TRANSACTIONSChapter 116 - COMMON-INTEREST OWNERSHIP (UNIFORM ACT)Article 3 - MANAGEMENT OF COMMON-INTEREST COMMUNITIES
GENERAL PROVISIONS
Section 116.310315 - Accounting for fines imposed by association

Nev. Rev. Stat. § 116.310315

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Current through 82nd (2023) Legislative Session Chapter 535 and 34th (2023) Special Session Chapter 1 and 35th (2023) Special Session Chapter 1
Section 116.310315 - Accounting for fines imposed by association

If an association has imposed a fine against a unit's owner or a tenant or an invitee of a unit's owner or a tenant pursuant to NRS 116.31031 for violations of the governing documents of the association, the association shall establish a compliance account to account for the fine, which must be separate from any account established for assessments.

NRS 116.310315

(Added to NRS by 1997, 3112; A 2005, 1715; 2009, 2882, 2915)-(Substituted in revision for NRS 116.31145)
(Added to NRS by 1997, 3112; A 2005, 1715; 2009, 2882, 2915)-(Substituted in revision for NRS 116.31145)