Nev. Admin. Code § 116.395

Current through December 12, 2024

Section 116.395 - Executive board: Fiduciary duty with respect to institutions holding money of association

The executive board has a fiduciary duty to ensure that any institution which holds money of the association:

1. Is authorized to do business in the State of Nevada; or

2. Has consented to the jurisdiction of the courts of this State.

Nev. Admin. Code § 116.395

Added by Comm'n for Common-Interest Communities & Condo. Hotels by R145-06, eff. 4-17-2008

NRS 116.3103, 116.615