Nevada § 350.495 Willful violation of covenant in securities by member of governing body, officer or agent of municipality unlawful; penalty

Nevada Statutes

§ 350.495 — Willful violation of covenant in securities by member of governing body, officer or agent of municipality unlawful; penalty

Nevada § 350.495

Title 30PUBLIC BORROWING AND OBLIGATIONS

Ch. 350Municipal

VIOLATION OF BOND COVENANTS

This text of Nevada § 350.495 (Willful violation of covenant in securities by member of governing body, officer or agent of municipality unlawful; penalty) 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. § 350.495 (2026).

Text

1.Any member of the governing body and any officer or other agent of a municipality which has issued any bonds or municipal securities who willfully violates any covenant or provision contained in any such indentures or other instruments or proceedings appertaining thereto is guilty of a misdemeanor.

2.A violation of a covenant existing on July 1, 1969, is not “willful” for the purpose of this section if compliance is impractical because of competition from a private enterprise or enterpriser offering a comparable service.

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1. Any member of the governing body and any officer or other agent of a municipality which has issued any bonds or municipal securities who willfully violates any covenant or provision contained in any such indentures or other instruments or proceedings appertaining thereto is guilty of a misdemeanor.
2. A violation of a covenant existing on July 1, 1969, is not “willful” for the purpose of this section if compliance is impractical because of competition from a private enterprise or enterpriser offering a comparable service.