Nevada § 348.430 Appointment of agents by issuer; agreement for establishment and maintenance of central depository system

Nevada Statutes

§ 348.430 — Appointment of agents by issuer; agreement for establishment and maintenance of central depository system

Nevada § 348.430

Title 30PUBLIC BORROWING AND OBLIGATIONS

Ch. 348Registration

This text of Nevada § 348.430 (Appointment of agents by issuer; agreement for establishment and maintenance of central depository system) 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. § 348.430 (2026).

Text

1. An issuer may:

(a)Appoint for such term as may be agreed, including for so long as an issue may be outstanding, corporate or other authenticating trustees, registrars, paying agents, other transfer agents, or other agents, and specify their rights, compensation and duties;

(b)Limit their liabilities; and

(c)Provide for their payment of liquidated damages in the event of a breach of certain of the duties imposed, which liquidated damages may be made payable to a financial intermediary. 2. None of the persons designated above in subsection 1 need have an office or do business within this state. 3. An issuer may enter into a binding agreement with custodian banks and financial intermediaries, and nominees of any of them, in connection with the establishment and maintenance by others of

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1. An issuer may:
(a) Appoint for such term as may be agreed, including for so long as an issue may be outstanding, corporate or other authenticating trustees, registrars, paying agents, other transfer agents, or other agents, and specify their rights, compensation and duties;
(b) Limit their liabilities; and
(c) Provide for their payment of liquidated damages in the event of a breach of certain of the duties imposed, which liquidated damages may be made payable to a financial intermediary.
2. None of the persons designated above in subsection 1 need have an office or do business within this state.
3. An issuer may enter into a binding agreement with custodian banks and financial intermediaries, and nominees of any of them, in connection with the establishment and maintenance by others of a central depository system for the transfer or pledge of federal securities, public securities or other securities for the benefit of the issuer.
4. Any such custodian banks, financial intermediaries and nominees may, if qualified and acting as fiduciaries, also serve as authenticating trustees, registrars, paying agents, other types of transfer agents and other agents of the issuer with respect to the same issue of public securities.