40.695 - Tolling of statutes of limitation or repose; applicability. - Nevada Statutes

40.695  Tolling of statutes of limitation or repose; applicability.

      1.  Except as otherwise provided in subsection 2, statutes of limitation or repose applicable to a claim based on a constructional defect governed by NRS 40.600 to 40.695, inclusive, are tolled from the time notice of the claim is given, until 30 days after mediation is concluded or waived in writing pursuant to NRS 40.680.

      2.  Tolling under this section applies to a third party regardless of whether the party is required to appear in the proceeding.

      (Added to NRS by 1995, 2544; A 1997, 2723; 1999, 1444; 2003, 2049)