Nevada Revised Statutes 108.22176 – ‘Surety’ defined
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‘Surety’ means a corporation authorized to transact surety business in this state pursuant to NRS 679A.030 that:
Terms Used In Nevada Revised Statutes 108.22176
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
1. Is included in the United States Department of the Treasury’s Listing of Approved Sureties; and
2. Issues a surety bond pursuant to NRS 108.2413 to 108.2425, inclusive, that does not exceed the underwriting limitations established for that surety by the United States Department of the Treasury.