Nevada § 396.858 Validity of securities not dependent on proceedings relating to project or completion of purpose; purchasers not responsible for application of proceeds

Nevada Statutes

§ 396.858 — Validity of securities not dependent on proceedings relating to project or completion of purpose; purchasers not responsible for application of proceeds

Nevada § 396.858

Title 34EDUCATION

Ch. 396Nevada

UNIVERSITY SECURITIES LAW

This text of Nevada § 396.858 (Validity of securities not dependent on proceedings relating to project or completion of purpose; purchasers not responsible for application of proceeds) 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. § 396.858 (2026).

Text

1.The validity of any securities shall not be dependent on nor affected by the validity or regularity of any proceedings relating to a project or the proper completion of any purpose for which the securities are issued.

2.The purchaser or purchasers of the securities shall in no manner be responsible for the application of the proceeds of the securities by the University or the Board or any officers, agents and employees of the Board or the University, or of both.

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1. The validity of any securities shall not be dependent on nor affected by the validity or regularity of any proceedings relating to a project or the proper completion of any purpose for which the securities are issued.
2. The purchaser or purchasers of the securities shall in no manner be responsible for the application of the proceeds of the securities by the University or the Board or any officers, agents and employees of the Board or the University, or of both.