348.440 - Payment of installments for principal, interest and premiums. - Nevada Statutes

348.440  Payment of installments for principal, interest and premiums.  Payment of an installment of principal or interest, or both principal and interest, and any premium for prior redemption due at any designated date may be required by any authorizing instrument pertaining to the issuance of public securities to be by check, draft or other medium of payment and need not be conditioned upon presentation of any public security or coupon.

      (Added to NRS by 1983, 607)

      NRS 348.450  Acceptance of deposit of public securities as security.  Whenever under the laws of the State a deposit of public securities is authorized as security, public securities otherwise meeting the authorized criteria, which are issued under a system of full registration which provides for registration of pledges of such securities, may be deposited and must be accepted as security if the pledge is registered.

      (Added to NRS by 1983, 609)