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2013 Nevada Revised Statutes
Chapter 349 - State Obligations
NRS 349.795 - Guarantee: Not general obligation of State; limitation on termination, cancellation or revocation; presumption of validity.


NV Rev Stat § 349.795 (2013) What's This?

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.

(Added to NRS by 1985, 2017)

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