Nevada § 119A.495 - Withdrawal of units from time-share plan; conditions of withdrawal; exceptions
Full text of Nevada Nevada Revised Statutes § 119A.495 — Withdrawal of units from time-share plan; conditions of withdrawal; exceptions, with citation guidance and answers to common questions.
§ 119A.495. Withdrawal of units from time-share plan; conditions of withdrawal; exceptions
1. Except as otherwise provided in subsection 2, if a time-share instrument authorizes
the developer to withdraw units from the time-share plan, any unit that is subject
to withdrawal may not be withdrawn if a time share attributable to that unit is owned
by a purchaser. 2. Any legally created units or parcels within a project may be withdrawn from the
time-share plan by the developer if: (a) All remaining owners having an interest in the unit or parcel, if there are any
such remaining owners, give written consent to the withdrawal; (b) The developer amends the time-share instrument which established the time-share
plan to reduce the number of units or parcels included in the time-share plan by the
number of units or parcels withdrawn pursuant to this subsection; (c) Any existing cost-sharing agreement between the developer and the association
covering shared common areas or amenities is amended to reflect the reduction in the
number of units or parcels included in the time-share plan as the result of the withdrawal
of units or parcels pursuant to this subsection; and (d) A new cost-sharing agreement which covers any common areas or amenities that are
shared by the remaining units or parcels within the time-share plan and the units
or parcels withdrawn pursuant to this subsection and which allocates the shared costs
proportionately between the developer and the association according to the number
and size of the units withdrawn pursuant to this subsection is entered into between
the developer and the association.
Source: official Nevada text · Last verified 2026-08-27
Frequently Asked Questions About Nevada § 119A.495
What does Nevada Revised Statutes § 119A.495 cover?
Section 119A.495 ("Withdrawal of units from time-share plan; conditions of withdrawal; exceptions") 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 § 119A.495?
A common citation format is "Nevada Revised Statutes § 119A.495" (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 § 119A.495 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.