NRS
119.120 Exemptions: Single purchase; large lots; contractors; court
orders; governmental agencies. The
provisions of this chapter do not apply, unless the method of disposition is
adopted to evade those provisions or the provisions of the Interstate Land
Sales Full Disclosure Act,
15 U.S.C. §§ 1701 to 1720, inclusive, upon
notification to the Division by the person electing to be exempt under this
section, to the making of any offer or disposition of any subdivision or lot,
parcel, unit or interest therein:
1. By a purchaser of any lot, parcel,
interest or unit of a subdivision for his or her own account in a single or
isolated transaction.
2. If:
(a) Each lot, parcel, interest or unit being
offered or disposed of in any subdivision is more than 80 acres in size;
(b) The purchaser or his or her agent inspects
the land before purchasing it; and
(c) The developer signs an affirmation which
states that the purchaser or his or her agent has inspected the land before
purchasing it, and the affirmation is made a matter of record in accordance
with regulations of the Division.
Ê For purposes
of this subsection, the size of any undivided interest being offered or
disposed of in any subdivision must be computed by dividing the number of the
undivided interests into the area of the subdivision, exclusive of common or
reserved areas, roadways or easements.
3. To any person who is licensed in this
state to engage and is engaged in the business of the construction of
residential, commercial or industrial buildings located in this state for
disposition.
4. By any person who owns the land and is
licensed in the State of Nevada to construct residential buildings if the land
is located in this state and is to include a residential building when
disposition is completed.
5. Pursuant to the order of any court of
this state.
6. By any government or governmental agency.
(Added to NRS by 1971,
1404; A 1973,
1752; 1975,
1568; 1977,
1513; 1979,
1507; 1981,
14; 1983,
273, 410;
1985,
1406)
Notes of Decisions
Landex, Inc. v. State ex rel. List, 582 P.2d 786 (Nev. 1978).
· cites it 4× “The second cause of action sought to enjoin Landex from using advertising material in its land sales business which had not received the prior approval of the Nevada Department of Commerce, through its Real Estate Division (hereinafter "Division"), in accordance with NRS…”
STATE v. Carriage House Assocs., 585 P.2d 1337 (Nev. 1978).
“110 provides: “ ‘Subdivision’ means any land or tract of land in another state, in this state or in a foreign country from which a sale is attempted, which is divided or proposed to be divided over any period into 35 or more lots, parcels, units or interests, including but not…”
Landex, Inc. v. State, 547 P.2d 315 (Nev. 1976).
“See NRS 119.120(1) (c), 119.180 and 207.176. Appellants claim that the injunction was the product of an abuse of discretion by the trial court.”
Nev. Rev. Stat. § 119.120(1): 1 case
Landex, Inc. v. State, 547 P.2d 315 (Nev. 1976).
“See NRS 119.120(1) (c), 119.180 and 207.176. Appellants claim that the injunction was the product of an abuse of discretion by the trial court.”
Nev. Rev. Stat. § 119.120(1)(c): 1 case
Landex, Inc. v. State ex rel. List, 582 P.2d 786 (Nev. 1978).
“The second cause of action sought to enjoin Landex from using advertising material in its land sales business which had not received the prior approval of the Nevada Department of Commerce, through its Real Estate Division (hereinafter "Division"), in accordance with NRS…”
Nev. Rev. Stat. § 119.120(l)(c): 1 case
Landex, Inc. v. State ex rel. List, 582 P.2d 786 (Nev. 1978).
“The second cause of action sought to enjoin Landex from using advertising material in its land sales business which had not received the prior approval of the Nevada Department of Commerce, through its Real Estate Division (hereinafter "Division"), in accordance with NRS…”
Annotations are extracted automatically from the opinions in the
Syfert caselaw corpus and ranked by authority, recency, and
treatment. Dots show Syfertize treatment of the citing case itself.