NRS116.009. “Allocated interests” defined.

  “Allocated interests” means the following interests allocated to each unit:

      1.  In a condominium, the undivided interest in the common elements, the liability for common expenses, and votes in the association;

      2.  In a cooperative, the liability for common expenses, the ownership interest and votes in the association; and

      3.  In a planned community, the liability for common expenses and votes in the association.

      (Added to NRS by 1991, 536; A 2011, 2416)—(Substituted in revision for NRS 116.110313)