Nevada § 116B.555 - Tort and contract liability
Full text of Nevada Nevada Revised Statutes § 116B.555 — Tort and contract liability, with citation guidance and answers to common questions.
§ 116B.555. Tort and contract liability
1. A unit's owner is not liable, solely by reason of being a unit's owner, for an
injury or damage arising out of the condition or use of the common elements. Neither the association nor any unit's owner except the declarant or hotel unit
owner, as applicable, is liable for that declarant's or hotel unit owner's torts in
connection with any part of the condominium hotel which that declarant or hotel unit
owner, as applicable, owns or has the responsibility to maintain. 2. An action alleging a wrong done by the association, including, without limitation,
an action arising out of the condition or use of the common elements, may be maintained
only against the association and not against any unit's owner. If the wrong occurred during any period of declarant's control over the association
and the association gives the declarant reasonable notice of and an opportunity to
defend against the action, the declarant who then controlled the association is liable
to the association or to any unit's owner for all tort losses not covered by insurance
suffered by the association or that unit's owner, and all costs that the association
would not have incurred but for a breach of contract or other wrongful act or omission. Whenever the declarant is liable to the association under this section, the declarant
is also liable for all expenses of litigation, including reasonable attorney's fees,
incurred by the association. 3. Any statute of limitation affecting the association's right of action under this
section is tolled until the period of declarant's control terminates. A unit's owner is not precluded from maintaining an action contemplated by this
section because he or she is a unit's owner or a member or officer of the association. Liens resulting from judgments against the association are governed by NRS 116B.665 .
Frequently Asked Questions About Nevada § 116B.555
What does Nevada Revised Statutes § 116B.555 cover?
Section 116B.555 ("Tort and contract liability") 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.555?
A common citation format is "Nevada Revised Statutes § 116B.555" (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.555 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.