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.
‹ 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.