Statute 116b 190

'Purchaser' means a person, other than a declarant, who by means of a voluntary transfer acquires a legal or equitable interest in a unit other than: 1. A leasehold interest, including options to renew, of less than 20 years; or 2. As security for an obligation. (Added to NRS by 2007, 2197; A 2015, 1217)