Nevada § 348.430 - Appointment of agents by issuer; agreement for establishment and maintenance of central depository system
Full text of Nevada Nevada Revised Statutes § 348.430 — Appointment of agents by issuer; agreement for establishment and maintenance of central depository system, with citation guidance and answers to common questions.
§ 348.430. Appointment of agents by issuer; agreement for establishment and maintenance of central depository system
1. An issuer may: (a) Appoint for such term as may be agreed, including for so long as an issue may
be outstanding, corporate or other authenticating trustees, registrars, paying agents,
other transfer agents, or other agents, and specify their rights, compensation and
duties; (b) Limit their liabilities; and (c) Provide for their payment of liquidated damages in the event of a breach of certain
of the duties imposed, which liquidated damages may be made payable to a financial
intermediary. 2. None of the persons designated above in subsection 1 need have an office or do
business within this state. 3. An issuer may enter into a binding agreement with custodian banks and financial
intermediaries, and nominees of any of them, in connection with the establishment
and maintenance by others of a central depository system for the transfer or pledge
of federal securities, public securities or other securities for the benefit of the
issuer. 4. Any such custodian banks, financial intermediaries and nominees may, if qualified
and acting as fiduciaries, also serve as authenticating trustees, registrars, paying
agents, other types of transfer agents and other agents of the issuer with respect
to the same issue of public securities.
Source: official Nevada text · Last verified 2026-08-27
Frequently Asked Questions About Nevada § 348.430
What does Nevada Revised Statutes § 348.430 cover?
Section 348.430 ("Appointment of agents by issuer; agreement for establishment and maintenance of central depository system") 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 § 348.430?
A common citation format is "Nevada Revised Statutes § 348.430" (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 § 348.430 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.