Statutes, codes, and regulations
Nevada Revised Statutes
Title 30 - PUBLIC BORROWING AND OBLIGATIONSChapter 350 - MUNICIPAL OBLIGATIONS
LOCAL GOVERNMENT SECURITIES LAW
Section 350.652 - Validity of securities not dependent on proceedings relating to project or completion of purpose; purchasers not responsible for application of proceeds

Nev. Rev. Stat. § 350.652

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Current through 82nd (2023) Legislative Session Chapter 535 and 34th (2023) Special Session Chapter 1 and 35th (2023) Special Session Chapter 1
Section 350.652 - Validity of securities not dependent on proceedings relating to project or completion of purpose; purchasers not responsible for application of proceeds
1. The validity of any securities shall not be dependent on nor affected by the validity or regularity of any proceedings relating to a project or the proper completion of any purpose for which the securities are issued.
2. The purchaser or purchasers of the securities shall in no manner be responsible for the application of the proceeds of the securities by the municipality or any of its officers, agents and employees.

NRS 350.652

Added to NRS by 1967, 435
Added to NRS by 1967, 435