Nev. Rev. Stat. § 117.065

Current through 82nd (2023) Legislative Session Chapter 535 and 34th (2023) Special Session Chapter 1 and 35th (2023) Special Session Chapter 1

Section 117.065 - Maintenance fees: Custodial accounts; records

Any person who receives fees from a purchaser of a condominium for the maintenance of the project shall:

1. Immediately deposit the money in a separate custodial account maintained by the person with some bank, credit union or recognized depositary in this State.

2. Keep records of all such money deposited therein.

NRS 117.065

Added to NRS by 1965, 1219; A 1999, 1457