Nevada § 349.298 - Validity of securities not dependent on proceedings relating to project or completion of purpose; purchasers not responsible for application of proceeds
Full text of Nevada Nevada Revised Statutes § 349.298 — Validity of securities not dependent on proceedings relating to project or completion of purpose; purchasers not responsible for application of proceeds, with citation guidance and answers to common questions.
§ 349.298. Validity of securities not dependent on proceedings relating to project or completion of purpose; purchasers not responsible for application of proceeds
1. The validity of any securities shall not be dependent on nor affected by the validity
or regularity of any proceedings relating to a project or the proper completion of
any purpose for which the securities are issued. 2. The purchaser or purchasers of the securities shall in no manner be responsible
for the application of the proceeds of the securities by the State or any of its officers,
agents and employees.
Source: official Nevada text · Last verified 2026-08-27
Frequently Asked Questions About Nevada § 349.298
What does Nevada Revised Statutes § 349.298 cover?
Section 349.298 ("Validity of securities not dependent on proceedings relating to project or completion of purpose; purchasers not responsible for application of proceeds") 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 § 349.298?
A common citation format is "Nevada Revised Statutes § 349.298" (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 § 349.298 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.