Private transfer fee obligations prohibited.

  1. Law
  2. Nevada Revised Statutes
  3. Estates in Property; Conveyancing and Recording
  4. Private transfer fee obligations prohibited.

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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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