Repurchase of state securities.

Checkout our iOS App for a better way to browser and research.

Any bonds or other state securities may be repurchased by the Commission out of any funds available for such purpose at a price of not more than the principal amount thereof and accrued interest, plus the amount of the premium, if any, which might on the next prior redemption date of such securities be paid to the holders thereof if such securities should be called for redemption on such date pursuant to their terms, and all securities so repurchased shall be cancelled; but if the securities may not be called for prior redemption at the State’s option within 1 year from the date of their purchase, they may be repurchased without limitation as to price.

(Added to NRS by 1967, 784)


Download our app to see the most-to-date content.