Guarantee: Not general obligation of State; limitation on termination, cancellation or revocation; presumption of validity.

  1. Law
  2. Nevada Revised Statutes
  3. State Obligations
  4. Guarantee: Not general obligation of State; limitation on termination, cancellation or revocation; presumption of validity.

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

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.

(Added to NRS by 1985, 2017)


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