Guarantee: Not general obligation of State; limitation on termination, cancellation or revocation; presumption of validity.

Nev. Rev. Stat. § 349.795
in effect
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Any guarantee entered into by the Director does not constitute a general obligation of the State of Nevada. A guarantee may not be terminated, cancelled or otherwise revoked except in accordance with its terms. Any guarantee held by a participating financial institution is presumed to be valid.
Source: NV Statutes (Official Site)URL: https://www.leg.state.nv.us/nrs/NRS-349.htmlFetched: 10/4/2026

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Nev. Rev. Stat. § 349.795 — Guarantee: Not general obligation of State; limitation on termination, cancellation or revocation; presumption of validity | Nevada Revised Statutes | Corpus