NRS 116.4101

����� 1. 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.