Nevada Revised Statutes 396.867 – Failure of holder to proceed does not relieve University and its officers, agents and employees of liability for nonperformance of duties
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The failure of any holder of any securities or any coupons appertaining thereto so to proceed as herein provided or in such proceedings shall not relieve the Board or the University, or any of their officers, agents and employees of any liability for failure to perform or carry out any duty, obligation or other commitment.
Terms Used In Nevada Revised Statutes 396.867
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
- University: means all of the universities within the Nevada System of Higher Education. See Nevada Revised Statutes 396.005