Title 116 · NRS Chapter 116

“Purchaser” defined.

Citation: NRS 116.079

Section: 116.116.079

NRS

116.079

“Purchaser” defined.

“Purchaser” means a person, other than a declarant or a dealer, who by means of a voluntary transfer acquires a legal or equitable interest in a unit other than:

1. A leasehold interest, including options to renew, of less than 20 years; or

2. As security for an obligation.

(Added to NRS by 1991, 538 ; A 2011, 2416 )—(Substituted in revision for NRS 116.110375)