Nevada § 355.345 Additional duties of State Treasurer relating to investments in scrutinized companies; actions to be consistent with fiduciary responsibility

Nevada Statutes

§ 355.345 — Additional duties of State Treasurer relating to investments in scrutinized companies; actions to be consistent with fiduciary responsibility

Nevada § 355.345

Title 31PUBLIC FINANCIAL ADMINISTRATION

Ch. 355Public

INVESTMENTS IN COMPANIES WHICH BOYCOTT ISRAEL

This text of Nevada § 355.345 (Additional duties of State Treasurer relating to investments in scrutinized companies; actions to be consistent with fiduciary responsibility) 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. § 355.345 (2026).

Text

1. Except as otherwise provided in subsection 2, the State Treasurer:

(a)Shall sell, redeem, divest or withdraw all direct holdings of a scrutinized company from the assets under his or her management within 3 months after preparing a list of scrutinized companies pursuant to NRS 355.335 which includes that scrutinized company.

(b)Shall, on or before June 30 of each year, post on the Internet website of the State Treasurer a list that includes each investment that was sold, redeemed, divested or withdrawn pursuant to subsection 1.

(c)Shall not acquire securities of a scrutinized company as part of the direct holdings of the Office of the State Treasurer.

(d)Shall request that the manager of the indirect holdings of any public fund consider selling, redeeming, divesting or withdrawing h

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1. Except as otherwise provided in subsection 2, the State Treasurer:
(a) Shall sell, redeem, divest or withdraw all direct holdings of a scrutinized company from the assets under his or her management within 3 months after preparing a list of scrutinized companies pursuant to NRS 355.335 which includes that scrutinized company.
(b) Shall, on or before June 30 of each year, post on the Internet website of the State Treasurer a list that includes each investment that was sold, redeemed, divested or withdrawn pursuant to subsection 1.
(c) Shall not acquire securities of a scrutinized company as part of the direct holdings of the Office of the State Treasurer.
(d) Shall request that the manager of the indirect holdings of any public fund consider selling, redeeming, divesting or withdrawing holdings of a scrutinized company from the assets under his or her management.
2. Nothing in this section shall require the State Treasurer to take action as described in this section unless the State Treasurer determines and adopts findings, in good faith and based on credible information available to the public, that the action described in this section is consistent with the fiduciary responsibilities of the State Treasurer.