Nevada § 282.160 - Liability of sureties for ratable proportion; release of surety on payment of pro rata liability; limitation on amount of judgment
Full text of Nevada Nevada Revised Statutes § 282.160 — Liability of sureties for ratable proportion; release of surety on payment of pro rata liability; limitation on amount of judgment, with citation guidance and answers to common questions.
§ 282.160. Liability of sureties for ratable proportion; release of surety on payment of pro rata liability; limitation on amount of judgment
1. If the official bond of the State Treasurer or any county or township officer becomes
insufficient by reason of the insolvency of any of the sureties thereon, or from any
other cause, so that it does not contain at least two good and sufficient sureties
for the whole penal sum named in the bond, and any liability occurs or becomes fixed
by reason of the defalcation, omission, neglect, misconduct or any act of the officer
who is the principal in the bond, then any surety or sureties, upon the payment of
the surety's ratable proportion of the liability on such bond, shall be released from
all further liability thereon, so far as any loss to the State or county wherein such
officer held office is concerned. 2. Such ratable proportion shall be ascertained by considering each of the sureties
on the bond as solvent, liable and able to contribute the surety's proportion of the
whole amount of liability incurred on the bond. 3. The State Board of Examiners, in the case of the State Treasurer, or the boards
of county commissioners of the several counties, in the case of county officers, shall
in such cases, make settlement with any or all such sureties who propose to pay and
do pay their ratable proportions of the liability accrued on the bond. 4. Any surety or sureties neglecting or refusing to pay such ratable proportion, or
defending an action for the recovery of any liability on any official bond, is subject
to such prosecution, judgments and penalties as are provided for by law; but no judgment
shall be rendered against such surety or sureties for an amount above the surety's
pro rata liability on such bond, and costs of suit.
Source: official Nevada text · Last verified 2026-08-27
Frequently Asked Questions About Nevada § 282.160
What does Nevada Revised Statutes § 282.160 cover?
Section 282.160 ("Liability of sureties for ratable proportion; release of surety on payment of pro rata liability; limitation on amount of judgment") 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 § 282.160?
A common citation format is "Nevada Revised Statutes § 282.160" (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 § 282.160 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.