NRS119A.040. “Developer” defined.

Latest version.

“Developer” means any person who:

1. Creates a time-share plan or is in the business of selling time shares, other than those employees or agents of the developer who sell time shares on the developer’s behalf; or

2. Succeeds to the interest of a developer by sale, lease, assignment, mortgage or other transfer.

Ê The term includes only those persons who offer time shares for disposition in the ordinary course of business.

(Added to NRS by 1983, 977; A 2013, 1581)

                    
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