“Allocated interests” defined.

NRS

116.009

“Allocated interests” defined.

“Allocated interests” means the following interests allocated to each unit:

1. In a condominium, the undivided interest in the common elements, the liability for common expenses, and votes in the association;

2. In a cooperative, the liability for common expenses, the ownership interest and votes in the association; and

3. In a planned community, the liability for common expenses and votes in the association.

(Added to NRS by 1991, 536 ; A 2011, 2416 )—(Substituted in revision for NRS 116.110313)