Nevada Code § 116.2107

Allocation of allocated interests
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1. The declaration must allocate to each
unit:
(a) In a condominium, a fraction or percentage of
undivided interests in the common elements and in the common expenses of the
association, and a portion of the votes in the association;
(b) In a cooperative, a proportionate ownership
in the association, a fraction or percentage of the common expenses of the
association and a portion of the votes in the association; and
(c) In a planned community, a fraction or
percentage of the common expenses of the association and a portion of the votes
in the association.
2. The declaration must state the formulas
used to establish allocations of interests. Those allocations may not
discriminate in favor of units owned by the declarant or an affiliate of the
declarant.
3. If units may be added to or withdrawn
from the common-interest community, the declaration must state the formulas to
be used to reallocate the allocated interests among all units included in the
common-interest community after the addition or withdrawal.
4. The declaration may provide:
(a) That different allocations of votes are made
to the units on particular matters specified in the declaration;
(b) For cumulative voting only for the purpose of
electing members of the executive board; and
(c) For class voting on specified issues
affecting the class if necessary to protect valid interests of the class.
Except as
otherwise provided in NRS 116.31032 , a
declarant may not utilize cumulative or class voting for the purpose of evading
any limitation imposed on declarants by this chapter nor may units constitute a
class because they are owned by a declarant.
5. Except for minor variations because of
rounding, the sum of the liabilities for common expenses and, in a condominium,
the sum of the undivided interests in the common elements allocated at any time
to all the units must each equal one if stated as a fraction or 100 percent if
stated as a percentage. In the event of discrepancy between an allocated
interest and the result derived from application of the pertinent formula, the
allocated interest prevails.
6. In a condominium, the common elements
are not subject to partition, and any purported conveyance, encumbrance,
judicial sale or other voluntary or involuntary transfer of an undivided
interest in the common elements made without the unit to which that interest is
allocated is void.
7. In a cooperative, any purported
conveyance, encumbrance, judicial sale or other voluntary or involuntary
transfer of an ownership interest in the association made without the
possessory interest in the unit to which that interest is related is void.

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