Nevada § 119A.180 Classification of interest of purchaser

Nevada Statutes

§ 119A.180 — Classification of interest of purchaser

Nevada § 119A.180

Title 10PROPERTY RIGHTS AND TRANSACTIONS

Ch. 119ATime

GENERAL PROVISIONS

This text of Nevada § 119A.180 (Classification of interest of purchaser) 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.180 (2026).

Text

1.A purchaser shall not be deemed to hold an investment contract, nor shall his or her purchase be considered risk capital, because income derived from the project and any personal property available for use by the purchaser in conjunction therewith reduces the assessment for time-share expenses, if the income inures directly to the benefit of the association and not to his or her direct benefit.

2.An interest in a time share is not a security under the provisions of chapter 90 of NRS.

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1. A purchaser shall not be deemed to hold an investment contract, nor shall his or her purchase be considered risk capital, because income derived from the project and any personal property available for use by the purchaser in conjunction therewith reduces the assessment for time-share expenses, if the income inures directly to the benefit of the association and not to his or her direct benefit.
2. An interest in a time share is not a security under the provisions of chapter 90 of NRS.