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Code · Nevada · CHAPTER 349 - STATE OBLIGATIONS

NRS 349.795 Guarantee: Not general obligation of State; limitation on termination, cancellation or revocation; presumption of validity.

64 words·~1 min read·/nv/chapter-349-state-obligations/349-795

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NRS 349.795 Guarantee: Not general obligation of State; limitation on termination, cancellation or revocation; presumption of validity. 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.
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