The payment of securities shall not be secured by an encumbrance, mortgage or other pledge of property of the University or the Board, except for the pledged revenues of the University or the Board. No property of either the University or the Board, subject to such exception, shall be liable to be forfeited or taken in payment of securities.
NRS 396.841
Payment of securities not to be secured by encumbrance, mortgage or pledge of property; exception
Known as the University Securities Law
The act spans §§ 396–396 (367 sections).
(Added to NRS by 1967, 8)
Official source: Nevada Legislature. Reproduced from public-domain Nevada statutes; confirm against the official source for the current text. Not legal advice.