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Code · Nevada · CHAPTER 117 - CONDOMINIUMS

NRS 117.065 Maintenance fees: Custodial accounts; records.

59 words·~1 min read·/nv/chapter-117-condominiums/117-065

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NRS 117.065 Maintenance fees: Custodial accounts; records. Any person who receives fees from a purchaser of a condominium for the maintenance of the project shall:
1. Immediately deposit the money in a separate custodial account maintained by the person with some bank, credit union or recognized depositary in this State.
2. Keep records of all such money deposited therein.
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