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2020 Nevada Revised Statutes
Chapter 111 - Estates in Property; Conveyancing and Recording
NRS 111.865 - Private transfer fee obligations prohibited.
Universal Citation: NV Rev Stat § 111.865 (2020)
1. Except as otherwise provided in NRS 111.870:
(a) A person shall not, on or after May 20, 2011, create or record a private transfer fee obligation in this State; and
(b) A private transfer fee obligation that is created or recorded in this State on or after May 20, 2011, is void and unenforceable.
2. The provisions of subsection 1 do not validate or make enforceable any private transfer fee obligation that was created or recorded in this State before May 20, 2011.
(Added to NRS by 2011, 318)
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