Nevada Code § 20.035

Limitation on amount of bond in litigation involving Master Settlement Agreement
Open in Lexace · Ask the AI about this section
1. Except as otherwise provided in
subsection 2, if an appeal is taken of a judgment in a civil action involving a
signatory, or a successor in interest or affiliate of a signatory, of the
Master Settlement Agreement in which an appellant is required to give a bond in
order to secure a stay of execution of the judgment during the pendency of any
or all such appeals, the total cumulative sum of all the bonds required from
all the appellants involved in the civil action must not exceed $50,000,000.
2. If the plaintiff proves by a
preponderance of evidence that an appellant who posted a bond pursuant to
subsection 1 is purposefully dissipating or diverting assets outside of the
ordinary course of its business to evade the ultimate payment of the judgment,
the court may, if it determines that such an order is necessary to prevent such
dissipation or diversion, require the appellant to post a bond in an amount
that does not exceed the full amount of the judgment.
3. The provisions of this section do not
limit the discretion of a court, for good cause shown, to set the bond on
appeal in an amount less than the amount otherwise required by law.
4. For the purposes of this section:
(a) Affiliate has the meaning ascribed to it in NRS 370A.030 .
(b) Master Settlement Agreement has the meaning
ascribed to it in NRS 370A.070 .

‹ Prev All Nevada sections Next ›


Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.