"Purchaser" defined.

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"Purchaser" means a person, other than a declarant or a dealer, who by means of a voluntary transfer acquires a legal or equitable interest in a unit other than:

1. A leasehold interest, including options to renew, of less than 20 years; or

2. As security for an obligation.

(Added to NRS by 1991, 538; A 2011, 2416) — (Substituted in revision for NRS 116.110375)


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