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

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

      (Added to NRS by 1985, 2017)