Section 116.4101 - Applicability; exceptions1.NRS 116.4101 to 116.412, inclusive, apply to all units subject to this chapter, except as otherwise provided in subsection 2 or as modified or waived by agreement of purchasers of units in a common-interest community in which all units are restricted to nonresidential use.2. Neither a public offering statement nor a resale package described in NRS 116.4109 need be prepared or delivered in the case of a:(a) Gratuitous disposition of a unit;(b) Disposition pursuant to court order;(c) Disposition by a government or governmental agency;(d) Disposition by foreclosure or deed in lieu of foreclosure;(e) Disposition to a dealer;(f) Disposition that may be cancelled at any time and for any reason by the purchaser without penalty;(g) Disposition of a unit in a planned community which contains no more than 12 units if:(1) The declarant reasonably believes in good faith that the maximum assessment stated in the declaration will be sufficient to pay the expenses of the planned community; and(2) The declaration cannot be amended to increase the assessment during the period of the declarant's control without the consent of all units' owners; or(h) Disposition of a unit restricted to nonresidential purposes.Added to NRS by 1991, 571; A 1993, 2373; 1997, 3122; 1999, 3012; 2011, 2453; 2021, 1406Amended by 2021, Ch. 268,§7, eff. 1/1/2022.Added to NRS by 1991, 571; A 1993, 2373; 1997, 3122; 1999, 3012; 2011, 2453, effective 1/1/2012