Nevada § 119A.055 “Material change” defined

Nevada Statutes

§ 119A.055 — “Material change” defined

Nevada § 119A.055

Title 10PROPERTY RIGHTS AND TRANSACTIONS

Ch. 119ATime

GENERAL PROVISIONS

This text of Nevada § 119A.055 (“Material change” defined) 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. § 119A.055 (2026).

Text

1. “Material change” means a change in any information or document that is part of the statement of record which renders the statement of record inaccurate, incomplete or misleading in such a way as to adversely affect the rights or obligations of a purchaser. 2. The term does not include a change:

(a)In the real estate tax assessment or rate, utility charges or deposits, maintenance fees, association dues, assessments, special assessments or any recurring time-share expense item, if the change is made known immediately to the prospective purchaser by a written addendum to the public offering statement;

(b)Which is an aspect or result of the orderly development of the time-share plan in accordance with the time-share instrument, if the change is made known immediately to the prospective

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1. “Material change” means a change in any information or document that is part of the statement of record which renders the statement of record inaccurate, incomplete or misleading in such a way as to adversely affect the rights or obligations of a purchaser.
2. The term does not include a change:
(a) In the real estate tax assessment or rate, utility charges or deposits, maintenance fees, association dues, assessments, special assessments or any recurring time-share expense item, if the change is made known immediately to the prospective purchaser by a written addendum to the public offering statement;
(b) Which is an aspect or result of the orderly development of the time-share plan in accordance with the time-share instrument, if the change is made known immediately to the prospective purchaser by a written addendum to the public offering statement;
(c) Which corrects spelling, grammar, omissions or other similar errors and which does not affect the substance of the information or document; or
(d) Which occurs in the issuance of the updated annual report or disclosure document of an exchange company.