State Codes and Statutes

Statutes > Nevada > Title-30 > Chapter-349 > Revenue-bonds-for-financing-exportation-of-goods > 349-795

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.

(Added to NRS by 1985, 2017)

State Codes and Statutes

Statutes > Nevada > Title-30 > Chapter-349 > Revenue-bonds-for-financing-exportation-of-goods > 349-795

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.

(Added to NRS by 1985, 2017)