Nevada § 116B.440 - Period of declarant’s control of association; representation of units’ owners on executive board
Full text of Nevada Nevada Revised Statutes § 116B.440 — Period of declarant’s control of association; representation of units’ owners on executive board, with citation guidance and answers to common questions.
§ 116B.440. Period of declarant’s control of association; representation of units’ owners on executive board
1. Except as otherwise provided in this section, the declaration may provide for a
period of declarant's control of the association, during which a declarant, or persons
designated by a declarant, may appoint and remove the officers of the association
and members of the executive board. A declarant may voluntarily surrender the right to appoint and remove officers and
members of the executive board before termination of that period and, in that event,
the declarant may require, for the duration of the period of declarant's control,
that specified actions of the association or executive board, as described in a recorded
instrument executed by the declarant, be approved by the declarant before they become
effective. Regardless of the period provided in the declaration, a period of declarant's control
terminates not later than the earliest of: (a) Sixty days after conveyance of 75 percent of the residential units that may be
created to residential unit owners other than a declarant; (b) Five years after all declarants have ceased to offer residential units for sale
in the ordinary course of business; (c) Five years after any right to add new residential units was last exercised; or (d) The day any declarant, after giving notice to units' owners, records an instrument
voluntarily surrendering all rights to control activities of the association. 2. Not later than 60 days after conveyance of 25 percent of the residential units
that may be created to units' owners other than a declarant, at least one member and
not less than 25 percent of the members of the executive board must be elected by
residential unit owners other than the declarant. Not later than 60 days after conveyance of 50 percent of the residential units that
may be created to residential unit owners other than a declarant, not less than one-third
of the members of the executive board must be elected by residential unit owners other
than the declarant.
Source: official Nevada text · Last verified 2026-08-27
Frequently Asked Questions About Nevada § 116B.440
What does Nevada Revised Statutes § 116B.440 cover?
Section 116B.440 ("Period of declarant’s control of association; representation of units’ owners on executive board") 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 § 116B.440?
A common citation format is "Nevada Revised Statutes § 116B.440" (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 § 116B.440 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.