“Public security” means any note, warrant, interim debenture or bond, including, without limitation, a temporary bond, or other security and comprises either a certificated public security or an uncertificated public security evidencing a loan and, before, on or after May 12, 1983, is authorized by the State to be incurred by a public body. (Added […]
“State” means the State of Nevada. (Added to NRS by 1983, 605)
“Tax Code” means the federal Internal Revenue Code of 1954. (Added to NRS by 1983, 605)
“Transfer agent” means the treasurer or similar official of the issuer, a corporate or other trustee, registrar, paying agent, other corporate agent, or other person acting as an agent, for, among possibly other duties, the transfer and registration of public securities. (Added to NRS by 1983, 605)
“Uncertificated public security” means an obligation which: 1. Is issued pursuant to a system of full registration; 2. Is transferable in the manner described in subsection 2 of NRS 348.110; and 3. Is either one of a class or series or by its terms is divisible into a class or series of obligations. (Added to […]
The meanings of the terms used in this chapter shall be substituted for the meanings of corresponding terms used in other provisions of NRS or special acts relating to public securities when the provisions or principles of those laws supplement the provisions of this chapter. Otherwise, terms used in this chapter have the same meaning […]
This chapter applies to public securities issued by any public body pursuant to any general or special act or any charter, including any legislative charter. (Added to NRS by 1983, 605)
1. This chapter as to matters contained therein constitutes an additional and separate grant of powers, and such powers may be exercised without regard to provisions concerning such matters in any other law; but this chapter is not a restriction or limitation on the exercise of powers by a public body under any other law […]
1. The powers conferred by this chapter are in addition and supplemental to, and not in substitution for, and the limitations imposed by this chapter do not affect the powers conferred by any other law. 2. No part of this chapter repeals or affects any other law or part thereof, it being intended that this […]
This state hereby covenants that it will not amend or repeal this chapter if the effect is that interest on public securities may as a result thereof be no longer exempt from federal income taxation provided for by the Tax Code. (Added to NRS by 1983, 609)
The determination of the governing body authorized or empowered to issue public securities under this chapter and any other provision of NRS or special act must be made in an authorizing instrument pertaining to those securities. (Added to NRS by 1983, 609)
1. At the election of an issuer, made at any time prior to or at original issuance of a public security, this chapter may be made applicable. When this chapter applies, it is alternative to any provision of law to the contrary, and no such provision to the contrary applies. 2. The official or official […]
An issuer may issue either certificated public securities or uncertificated public securities, or both certificated public securities and uncertificated public securities, under this chapter notwithstanding any inconsistent provision (e.g., a provision that the issuer must issue coupon bonds) stated in a bond question, election proceedings or other preliminary proceedings, or any combination thereof, as the […]
Any such public securities may be in full registered form or in bearer form, with or without interest coupons, be subject to conditions for transfer, be subject to provisions for conversion as to denomination or to bearer or to registration for payment of principal only, and to the attachment or reattachment of interest coupons to […]
1. Any system of full registration with respect to an issue of public securities may be: (a) A system pursuant to which only certificated public securities are issued; (b) A system pursuant to which only uncertificated public securities are issued; or (c) A system pursuant to which both certificated public securities and uncertificated public securities […]
1. An issuer, prior to or at original issuance, may provide as a part of a system of full registration: (a) That the transferor or transferee of the public securities pay all or a designated part of the costs of the system; (b) That costs be paid out of proceeds of the public securities; or […]
Signatures on any printed certificated public securities, issued in part under this chapter, any other statute or charter, or any combination thereof, may be manually subscribed or be subscribed by one or more facsimile signatures, but any printed, certificated public security, other than an interest coupon, must bear at least one manual signature, but it […]
1. Any certificated public security signed by the authorized officers at the time of its signing is not invalid and must not be denied binding effect on the grounds that before its issuance any or all of those officers ceased to fill their respective offices. 2. Any authorized officer empowered to sign any such certificated […]
When a seal is required or permitted in the execution of any certificated public security, the authorized officer may cause a facsimile seal to be placed thereon. The facsimile seal has the same legal effect as the impression of a seal. (Added to NRS by 1983, 607)
No manual or facsimile seal is required in connection with any uncertificated public security. (Added to NRS by 1983, 607)
