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2022 Nevada Revised Statutes
Chapter 388A - Charter Schools
NRS 388A.423 - Bankruptcy: Disposition of property; immunity of State and sponsor from liability.
Universal Citation: NV Rev Stat § 388A.423 (2022)
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 388A.306.
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)—(Substituted in revision for NRS 386.575)
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