Nevada Revised Statutes 396.851 – Recital in securities conclusive evidence of validity and regularity of issuance
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A resolution providing for the issuance of bonds or other securities hereunder or an indenture or other proceedings appertaining thereto may provide that the securities contain a recital that they are issued pursuant to the University Securities Law, which recital shall be conclusive evidence of their validity and the regularity of their issuance.
Terms Used In Nevada Revised Statutes 396.851
- Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
- University: means all of the universities within the Nevada System of Higher Education. See Nevada Revised Statutes 396.005