Nevada § 396.855 Repurchase of bonds and other securities

Nevada Statutes

§ 396.855 — Repurchase of bonds and other securities

Nevada § 396.855

Title 34EDUCATION

Ch. 396Nevada

UNIVERSITY SECURITIES LAW

This text of Nevada § 396.855 (Repurchase of bonds and other 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. § 396.855 (2026).

Text

Any bonds or other securities may be repurchased by the Board out of any funds available for such purpose at a price of not more than the principal amount thereof and accrued interest, plus the amount of the premium, if any, which might on the next prior redemption date of such securities be paid to the holders thereof if such securities should be called for redemption on such date pursuant to their terms, and all securities so repurchased shall be cancelled; but if the securities may not be called for prior redemption at the University’s or the Board’s option within 1 year from the date of their purchase, they may be repurchased without limitation as to price.

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Any bonds or other securities may be repurchased by the Board out of any funds available for such purpose at a price of not more than the principal amount thereof and accrued interest, plus the amount of the premium, if any, which might on the next prior redemption date of such securities be paid to the holders thereof if such securities should be called for redemption on such date pursuant to their terms, and all securities so repurchased shall be cancelled; but if the securities may not be called for prior redemption at the University’s or the Board’s option within 1 year from the date of their purchase, they may be repurchased without limitation as to price.