The Board of Regents may authorize the chief business officer of each business center of the System to use a facsimile signature produced through a mechanical device in place of his or her handwritten signature whenever the necessity may arise, subject to the following conditions:
1. The mechanical device must be of such a nature that the facsimile signature may be removed from the mechanical device and kept in a separate secure place.
2. The facsimile signature may only be used under the direction and supervision of the chief business officer of the business center.
3. The registered key to the mechanical device must be kept in a vault at all times when the key is not in use.
(Added to NRS by 1960, 38; A 1961, 281; 1965, 94; 1971, 877; 1981, 899; 1993, 346)