The resolution authorizing the issuance of any securities hereunder shall describe the purpose or purposes for which they are issued at least in general terms and may describe any purpose in detail.
NRS 396.849
Resolution authorizing issuance of securities: Description of purposes
Known as the University Securities Law
The act spans §§ 396–396 (367 sections).
(Added to NRS by 1967, 10)
Official source: Nevada Legislature. Reproduced from public-domain Nevada statutes; confirm against the official source for the current text. Not legal advice.