Nevada § 604A.615 Deposit of securities in lieu of surety bond

Nevada Statutes

§ 604A.615 — Deposit of securities in lieu of surety bond

Nevada § 604A.615

Title 52TRADE REGULATIONS AND PRACTICES

Ch. 604ADeferred

LICENSING

This text of Nevada § 604A.615 (Deposit of securities in lieu of surety bond) 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. § 604A.615 (2026).

Text

1. In lieu of any surety bond, or any portion of the principal sum thereof as required pursuant to the provisions of this chapter, a licensee may deposit with the State Treasurer or with any bank, credit union or trust company authorized to do business in this State as the licensee may select, with the approval of the Commissioner:

(a)Interest-bearing stocks;

(b)Bills, bonds, notes, debentures or other obligations of the United States or any agency or instrumentality thereof, or guaranteed by the United States; or

(c)Any obligation of this State or any city, county, town, township, school district or other instrumentality of this State or guaranteed by this State, Ê in an aggregate amount, based upon principal amount or market value, whichever is lower, of not less than the amount of an

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1. In lieu of any surety bond, or any portion of the principal sum thereof as required pursuant to the provisions of this chapter, a licensee may deposit with the State Treasurer or with any bank, credit union or trust company authorized to do business in this State as the licensee may select, with the approval of the Commissioner:
(a) Interest-bearing stocks;
(b) Bills, bonds, notes, debentures or other obligations of the United States or any agency or instrumentality thereof, or guaranteed by the United States; or
(c) Any obligation of this State or any city, county, town, township, school district or other instrumentality of this State or guaranteed by this State,
Ê in an aggregate amount, based upon principal amount or market value, whichever is lower, of not less than the amount of any required surety bond or portion thereof.
2. The securities must be held to secure the same obligation as would any surety bond, but the depositor may receive any interest or dividends and, with the approval of the Commissioner, substitute other suitable securities for those deposited.