Faith of State pledged; consent of State to suit on bond; restitution.

Nev. Rev. Stat. § 282.290
in effect
Sign in to generate a plain English summaryAsk Belisarius Agent
The faith of the State is pledged to the provisions of all surety bonds which have been issued or undertaken under the provisions of chapter 193, Statutes of Nevada 1937, as amended, which established the bond trust fund, and the State consents to suit against it on such bonds. In cases of loss to a county, township, incorporated city or irrigation district, under circumstances upon which its surety bonds are conditioned, the State is charged with the responsibility of making restitution to any funds suffering loss up to the full amount specified in the surety bond.
Source: NV Statutes (Official Site)URL: https://www.leg.state.nv.us/nrs/NRS-282.htmlFetched: 10/4/2026

Starting a business in Nevada? Nevada LLC guide: costs and requirements