NRS111.865. Private transfer fee obligations prohibited.

Latest version.

      1. Except as otherwise provided in NRS 111.870:

      (a) A person shall not, on or after May 20, 2011, create or record a private transfer fee obligation in this State; and

      (b) A private transfer fee obligation that is created or recorded in this State on or after May 20, 2011, is void and unenforceable.

      2. The provisions of subsection 1 do not validate or make enforceable any private transfer fee obligation that was created or recorded in this State before May 20, 2011.

(Added to NRS by 2011, 318)

                    
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