Nevada § 226.805 - Obligation to third person by Bank: Limitations; requirements
Full text of Nevada Nevada Revised Statutes § 226.805 — Obligation to third person by Bank: Limitations; requirements, with citation guidance and answers to common questions.
§ 226.805. Obligation to third person by Bank: Limitations; requirements
1. Any obligation to a third person made by the Bank, including, without limitation,
a bond or other security issued by the Bank pursuant to NRS 226.781 and any insurance, reinsurance or reserve provided by the Bank pursuant to NRS 226.799 : (a) Does not constitute a debt, liability or obligation of this State or any political
subdivision thereof, or a pledge of the faith and credit of this State or any political
subdivision thereof, but is payable solely from the revenues or assets of the Bank;
and (b) Must contain on the face thereof a statement to the effect that the Bank is not
obligated to pay the obligation or any interest thereon except from the revenues or
assets, if any, pledged therefor and that neither the faith and credit nor the taxing
power of this State or any political subdivision thereof is pledged to the payment
of the principal of or the interest on the obligation. 2. Except as otherwise provided in subsection 3, this section does not prohibit the
Bank from: (a) Pledging the full faith and credit of the Bank for the satisfaction of any obligation
to a third person made by the Bank; or (b) Issuing a bond guarantee or credit enhancement for bonds issued by a qualified
borrower. 3. Notwithstanding any provision in NRS 226.700 to 226.832 , inclusive, to the contrary, the Bank shall not act as a surety or guarantor for
a private utility or any other private company, association or corporation.
Source: official Nevada text · Last verified 2026-08-27
Frequently Asked Questions About Nevada § 226.805
What does Nevada Revised Statutes § 226.805 cover?
Section 226.805 ("Obligation to third person by Bank: Limitations; requirements") is part of the Nevada Revised Statutes, the codified statutory law of Nevada. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Nevada § 226.805?
A common citation format is "Nevada Revised Statutes § 226.805" (Nevada). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Nevada law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Nevada official source linked on this page or consult a licensed Nevada attorney.
How does Nevada § 226.805 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Nevada can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Nevada.