Nevada § 116B.390 Rights of creditors following termination

Nevada Statutes

§ 116B.390 — Rights of creditors following termination

Nevada § 116B.390

Title 10PROPERTY RIGHTS AND TRANSACTIONS

Ch. 116BCondominium

CREATION, ALTERATION AND TERMINATION OF CONDOMINIUM HOTELS

This text of Nevada § 116B.390 (Rights of creditors following termination) 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. § 116B.390 (2026).

Text

1.Following termination of a condominium hotel, creditors of the association holding liens on the units, which were recorded before termination, may enforce those liens in the same manner as any lienholder. All other creditors of the association are to be treated as if they had perfected liens on the units immediately before termination.

2.Creditors of the association are not entitled to payment from any unit’s owner in excess of the amount of the creditor’s lien against that owner’s interest.

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1. Following termination of a condominium hotel, creditors of the association holding liens on the units, which were recorded before termination, may enforce those liens in the same manner as any lienholder. All other creditors of the association are to be treated as if they had perfected liens on the units immediately before termination.
2. Creditors of the association are not entitled to payment from any unit’s owner in excess of the amount of the creditor’s lien against that owner’s interest.