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2011 Nevada Revised Statutes
Chapter 117 - Condominiums
NRS 117.065 - Maintenance fees: Custodial accounts; records.


NV Rev Stat § 117.065 (2011) What's This?

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.

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

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