Nevada § 333A.0916 Conditions for refunding obligations

Nevada Statutes

§ 333A.0916 — Conditions for refunding obligations

Nevada § 333A.0916

Title 27PUBLIC PROPERTY AND PURCHASING

Ch. 333APurchasing:

This text of Nevada § 333A.0916 (Conditions for refunding obligations) is published on Counsel Stack Legal Research, covering Nevada primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Nev. Rev. Stat. § 333A.0916 (2026).

Text

1. An obligation may not be refunded pursuant to NRS 333A.0906 to 333A.0916 , inclusive, unless the holder of the obligation voluntarily surrenders the obligation for exchange or payment, or unless the obligation matures or is callable for prior redemption under its terms within 25 years after the date of issuance of the refunding obligations. Provision must be made for paying the securities within that period. 2. The maturity of any obligation refunded may not be extended beyond 25 years, or beyond 1 year next following the date of the last outstanding maturity, whichever limitation is later. 3. The principal amount of the refunding obligations may:

(a)Exceed the principal amount of the refunded obligations; or

(b)Be less than or equal to the principal amount of the obligations being re

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1. An obligation may not be refunded pursuant to NRS 333A.0906 to 333A.0916 , inclusive, unless the holder of the obligation voluntarily surrenders the obligation for exchange or payment, or unless the obligation matures or is callable for prior redemption under its terms within 25 years after the date of issuance of the refunding obligations. Provision must be made for paying the securities within that period.
2. The maturity of any obligation refunded may not be extended beyond 25 years, or beyond 1 year next following the date of the last outstanding maturity, whichever limitation is later.
3. The principal amount of the refunding obligations may:
(a) Exceed the principal amount of the refunded obligations; or
(b) Be less than or equal to the principal amount of the obligations being refunded if provision is duly and sufficiently made for their payment.