Nevada § 332.105 - Bonds
Full text of Nevada Nevada Revised Statutes § 332.105 — Bonds, with citation guidance and answers to common questions.
§ 332.105. Bonds
1. A performance bond, payment bond or any other bond or combination thereof, with
sufficient surety, in such amount as may be determined necessary by the governing
body or its authorized representative, may be required of each responding offeror
on a particular contract. 2. Any such bonds may be to insure proper performance of the contract and save, indemnify
and keep harmless the local government against all loss, damages, claims, liabilities,
judgments, costs and expenses which may accrue against the local government in consequence
of the awarding of the contract. 3. If a local government requires such a bond, it shall not also require a detailed
financial statement from each responding offeror on the contract.
Frequently Asked Questions About Nevada § 332.105
What does Nevada Revised Statutes § 332.105 cover?
Section 332.105 ("Bonds") 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 § 332.105?
A common citation format is "Nevada Revised Statutes § 332.105" (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 § 332.105 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.