Nevada Statutes

§ 350.670 — Failure of holder to proceed does not relieve municipality, governing body and officers, agents and employees of municipality of liability for nonperformance of duties

Nevada § 350.670

JurisdictionNevada

Title 30PUBLIC BORROWING AND OBLIGATIONS

Ch. 350Municipal

LOCAL GOVERNMENT SECURITIES LAW

This text of Nevada § 350.670 (Failure of holder to proceed does not relieve municipality, governing body and officers, agents and employees of municipality of liability for nonperformance of duties) 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. § 350.670 (2026).

Text

The failure of any holder of any municipal securities or any coupons appertaining thereto so to proceed as herein provided or in such proceedings shall not relieve the municipality, the governing body or any of the officers, agents and employees of the municipality of any liability for failure to perform or carry out any duty, obligation or other commitment.

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Legislative History

(Added to NRS by 1967, 440 )

Nearby Sections

15

§ 350.0015

§ 350.0045

“General obligation debt” defined

§ 350.0055

“Installment-purchase agreement” defined

§ 350.0065

“Local government” defined

§ 350.007

“Medium-term obligation” defined

§ 350.0075

“Special obligation” defined

§ 350.008

Term of installment-purchase agreement

§ 350.009

§ 350.011

§ 350.0115

Creation; composition; selection and terms of members; interest in securities issued by State or political subdivision prohibited; vacancies

§ 350.012

Meetings; officers; removal of member; quorum; compensation

§ 350.0125

Technical assistance provided by Department of Taxation or board of county commissioners to carry out duties of commission

§ 350.013

Municipalities to submit annually statement of current and contemplated general obligation debt and special elective taxes, statement of debt management policy, plan for capital improvement or alternate statement and certain information regarding chief financial officer; update of information; exceptions

§ 350.0135

Proposal resulting in increase of rate of property taxes: Determination and notification of affected governmental entities by municipality; approval or objection by affected governmental entity; notification of commission of objection; resolution of conflict by commission; establishment of related methods and procedures by commission; exception

§ 350.014

Approval or notification of commission required for certain proposals

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Bluebook (online)

Nevada § 350.670, Counsel Stack Legal Research, https://law.counselstack.com/statute/nv/350.670.