Nevada § 349.857 Director: Loans of securities

Nevada Statutes

§ 349.857 — Director: Loans of securities

Nevada § 349.857

Title 30PUBLIC BORROWING AND OBLIGATIONS

Ch. 349State

REVENUE BONDS FOR FINANCING EXPORTATION OF GOODS

This text of Nevada § 349.857 (Director: Loans of securities) 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. § 349.857 (2026).

Text

1. The Director may lend any securities in which he or she invests pursuant to NRS 349.855 if he or she receives collateral from the borrower in the form of cash or marketable securities that are:

(a)Acceptable to the Director; and

(b)At least 102 percent of the value of the securities borrowed. 2. The Director may enter into such contracts as are necessary to extend and manage loans pursuant to this section.

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1. The Director may lend any securities in which he or she invests pursuant to NRS 349.855 if he or she receives collateral from the borrower in the form of cash or marketable securities that are:
(a) Acceptable to the Director; and
(b) At least 102 percent of the value of the securities borrowed.
2. The Director may enter into such contracts as are necessary to extend and manage loans pursuant to this section.