Statutes, codes, and regulations
Nevada Revised Statutes
Title 30 - PUBLIC BORROWING AND OBLIGATIONSChapter 349 - STATE OBLIGATIONS
REVENUE BONDS FOR FINANCING EXPORTATION OF GOODS
Section 349.795 - Guarantee: Not general obligation of State; limitation on termination, cancellation or revocation; presumption of validity

Nev. Rev. Stat. § 349.795

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Current through 82nd (2023) Legislative Session Chapter 535 and 34th (2023) Special Session Chapter 1 and 35th (2023) Special Session Chapter 1
Section 349.795 - Guarantee: Not general obligation of State; limitation on termination, cancellation or revocation; presumption of validity

Any guarantee entered into by the Director does not constitute a general obligation of the State of Nevada. A guarantee may not be terminated, cancelled or otherwise revoked except in accordance with its terms. Any guarantee held by a participating financial institution is presumed to be valid.

NRS 349.795

Added to NRS by 1985, 2017
Added to NRS by 1985, 2017