Under which NRS can Homeowners' Associations be organized?

Homeowners' Associations in Nevada are organized under NRS Chapter 116, which specifically governs common-interest communities, including condominiums and planned community associations. The option that indicates NRS 82 is indeed linked to the organization of homeowners' associations, as it pertains to non-profit corporations. This is significant because many homeowners' associations operate as non-profit entities, allowing them to manage community resources and enforce governing documents effectively.

While NRS 78 refers to business corporations and NRS 81 covers cooperatives, neither of these statutes directly applies to the structuring of traditional homeowners' associations, which usually are formed to manage shared spaces or communal property specific to residential communities. Thus, referring to NRS 82 is correct in acknowledging the capacity of homeowners' associations to be formed as non-profit corporations under Nevada law.