Public offering statement: Limitations for certain small offerings.

NRS

116.41035

Public offering statement: Limitations for certain small offerings.

If a common-interest community composed of not more than 12 units is not subject to any developmental rights and no power is reserved to a declarant to make the common-interest community part of a larger common-interest community, group of common-interest communities or other real estate, a public offering statement may include the information otherwise required by paragraphs (h) and (k) of subsection 1 of NRS 116.4103 .

(Added to NRS by 1991, 573 ; A 1993, 553 , 2376 ;

2011, 2455 )