Nevada § 116.2119 - Rights of secured lenders
Full text of Nevada Nevada Revised Statutes § 116.2119 — Rights of secured lenders, with citation guidance and answers to common questions.
§ 116.2119. Rights of secured lenders
The declaration may require that all or a specified number or percentage of the lenders
who hold security interests encumbering the units approve specified actions of the
units' owners or the association as a condition to the effectiveness of those actions,
but no requirement for approval may operate to: 1. Deny or delegate control over the general administrative affairs of the association
by the units' owners or the executive board; 2. Prevent the association or the executive board from commencing, intervening in
or settling any litigation or proceeding; or 3. Prevent any trustee or the association from receiving and distributing any proceeds
of insurance except pursuant to NRS 116.31133 and 116.31135 .
Source: official Nevada text · Last verified 2026-08-27
Frequently Asked Questions About Nevada § 116.2119
What does Nevada Revised Statutes § 116.2119 cover?
Section 116.2119 ("Rights of secured lenders") is part of the Nevada Revised Statutes, the codified statutory law of Nevada. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Nevada § 116.2119?
A common citation format is "Nevada Revised Statutes § 116.2119" (Nevada). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Nevada law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Nevada official source linked on this page or consult a licensed Nevada attorney.
How does Nevada § 116.2119 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Nevada can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Nevada.