Nevada Revised Statutes 349.316 – Failure of holder to proceed does not relieve State, Commission and officers, agents and employees of State of liability for nonperformance of duties
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The failure of any holder of any state securities or any coupons appertaining thereto so to proceed as herein provided or in such proceedings shall not relieve the State, the Commission or any of the officers, agents and employees of the State of any liability for failure to perform or carry out any duty, obligation or other commitment.
Terms Used In Nevada Revised Statutes 349.316
- 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.