Nev. Rev. Stat. § 116.3114
Surplus funds
Nevada · Nevada Revised Statutes Chapter 116 — Common-Interest Ownership (Uniform Act) · Status: effective
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- Citation
- Nev. Rev. Stat. § 116.3114, Surplus funds, Nevada, version 1 as recorded 2026-10-03, yourstate.us, https://yourstate.us/provision/2081080
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Full 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.