Nevada § 355.169 Legal action by county to recover investment; expenses

Nevada Statutes

§ 355.169 — Legal action by county to recover investment; expenses

Nevada § 355.169

Title 31PUBLIC FINANCIAL ADMINISTRATION

Ch. 355Public

INVESTMENTS AND LOANS BY LOCAL GOVERNMENTS AND CERTAIN ADMINISTRATIVE ENTITIES ESTABLISHED BY COOPERATIVE AGREEMENT

This text of Nevada § 355.169 (Legal action by county to recover investment; expenses) 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. § 355.169 (2026).

Text

1. If an investment of the money of a county or other local government is made by the county treasurer, whether separately or through a pooling arrangement as provided in NRS 355.168 , the county may, on behalf of that local government, take any lawful action necessary to recover the money invested if:

(a)The principal of and interest on any investment is not received when due; or

(b)The corporation, bank, credit union, broker or other person with whom the investment is made becomes insolvent or bankrupt or is placed in receivership. 2. The expenses of any action taken pursuant to this section must be paid from the money recovered and allocated among the funds from which the investment is made in the same manner as any loss on an investment is allocated. If the total amount of money reco

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1. If an investment of the money of a county or other local government is made by the county treasurer, whether separately or through a pooling arrangement as provided in NRS 355.168 , the county may, on behalf of that local government, take any lawful action necessary to recover the money invested if:
(a) The principal of and interest on any investment is not received when due; or
(b) The corporation, bank, credit union, broker or other person with whom the investment is made becomes insolvent or bankrupt or is placed in receivership.
2. The expenses of any action taken pursuant to this section must be paid from the money recovered and allocated among the funds from which the investment is made in the same manner as any loss on an investment is allocated. If the total amount of money recovered is insufficient to pay those expenses, the excess amount is a charge against the county.