2014 Nevada Revised Statutes
Chapter 386 - Local Administrative Organization
NRS 386.575 - Bankruptcy: Disposition of property; immunity of State and sponsor from liability.
1. If a charter school files a voluntary petition of bankruptcy or is declared bankrupt during a school year, any real property or other property held by the charter school must be disposed of as provided in NRS 386.536.
2. If a charter school files a voluntary petition of bankruptcy or is declared bankrupt during a school year, neither the State of Nevada nor the sponsor of the charter school may be held liable for any claims resulting from the bankruptcy.
(Added to NRS by 1997, 1848; A 1999, 3301; 2013, 1602)
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