NRS 282.170 Companies which may execute bond; payment of premiums; acceptance of bond.
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NRS 282.170 Companies which may execute bond; payment of premiums; acceptance of bond.
1. The State Treasurer and every district, county, township and city officer within the State of Nevada, who is required by law to give an official bond, may have a surety company, which has complied with all the laws of this state relating to surety companies, execute such bond for the faithful performance of the duties of the respective office.
2. The premium for any surety bond must be paid for by the State, if the bond is required for the State Treasurer, or by the district, county or city, as the bond may be required, or by the county if the bond is required of a township officer, out of any money in their respective treasuries not otherwise appropriated by law subject to the limitation that no premium or charge on the bond of the State Treasurer may exceed one-half of 1 percent per annum on the amount of the bond.
3. Whenever any of the officials mentioned in this section tenders bonds of any surety company for approval to the Governor, to the district judge, to the board of county commissioners of their respective counties, or to any official board or person required by law to approve such bonds, the board or person shall accept such bonds if they are found good and sufficient.
RELEASE OF SURETIES ON OFFICIAL BONDS AND OTHER UNDERTAKINGS