Nevada Statutes
§ 116.3114 — Surplus funds
Nevada § 116.3114
JurisdictionNevada
Title 10PROPERTY RIGHTS AND TRANSACTIONS
Ch. 116Common-Interest
Liabilities, Insurance and Fiscal Affairs
This text of Nevada § 116.3114 (Surplus funds) is published on Counsel Stack Legal Research, covering Nevada primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Nev. Rev. Stat. § 116.3114 (2026).
Text
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.
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Legislative History
(Added to NRS by 1991, 567 )
Nearby Sections
15
§ 116.001
Short title§ 116.003
Definitions§ 116.005
“Administrator” defined§ 116.007
“Affiliate of a declarant” defined§ 116.009
“Allocated interests” defined§ 116.013
“Certificate” defined§ 116.015
“Commission” defined§ 116.017
“Common elements” defined§ 116.019
“Common expenses” defined§ 116.021
“Common-interest community” defined§ 116.023
“Community manager” defined§ 116.025
“Complaint” defined§ 116.027
“Condominium” defined§ 116.029
“Converted building” definedCite This Page — Counsel Stack
Bluebook (online)
Nevada § 116.3114, Counsel Stack Legal Research, https://law.counselstack.com/statute/nv/116.3114.