In a cooperative, unless the declaration provides that the interest of a unit’s owner in a unit and its allocated interests is real estate for all purposes, that interest is personal property.
(Added to NRS by 1991, 539; A 2005, 1231)
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Plain-language answers to Nevada legal questions, cited to official sources.
Nevada Revised Statutes, Chapter 116 — COMMON-INTEREST OWNERSHIP (UNIFORM ACT)
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In a cooperative, unless the declaration provides that the interest of a unit’s owner in a unit and its allocated interests is real estate for all purposes, that interest is personal property.
(Added to NRS by 1991, 539; A 2005, 1231)