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
Guarantee: Not general obligation of State; limitation on termination, cancellation or revocation; presumption of validity
Known as the State Securities Law
The act spans §§ 349–349 (273 sections).
(Added to NRS by 1985, 2017)
Official source: Nevada Legislature. Reproduced from public-domain Nevada statutes; confirm against the official source for the current text. Not legal advice.