Nevada Revised Statutes 282.110 – Additional bond: Force and liabilities
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Every such additional bond shall be of like force and obligation upon the principal and sureties thereon, and shall subject the officer and the officer’s sureties to the same liabilities as are prescribed respecting the original bonds of officers.
Terms Used In Nevada Revised Statutes 282.110
- Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
- 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.