NRS 116.3114 Surplus funds.
57 words·~1 min read·
/nv/chapter-116-common-interest-ownership-uniform-act/116-3114·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
NRS 116.3114 Surplus funds. Unless otherwise provided in the declaration, any surplus funds of the association remaining after payment of or provision for common expenses and any prepayment of reserves must be paid to the units’ owners in proportion to their liabilities for common expenses or credited to them to reduce their future assessments for common expenses.