Bankruptcy: Disposition of property; immunity of State and sponsor from liability.
Nev. Rev. Stat. § 388A.423
in effect1. If a charter school files a voluntary petition of bankruptcy or is declared bankrupt during a school year, any real property or other property held by the charter school must be disposed of as provided in NRS 388A.306 .
2. If a charter school files a voluntary petition of bankruptcy or is declared bankrupt during a school year, neither the State of Nevada nor the sponsor of the charter school may be held liable for any claims resulting from the bankruptcy.
Source: NV Statutes (Official Site)URL: https://www.leg.state.nv.us/nrs/NRS-388A.htmlFetched: 10/4/2026