Nevada § 349.790 - Director subrogated to rights of exporter and participating financial institution upon default by exporter
Full text of Nevada Nevada Revised Statutes § 349.790 — Director subrogated to rights of exporter and participating financial institution upon default by exporter, with citation guidance and answers to common questions.
§ 349.790. Director subrogated to rights of exporter and participating financial institution upon default by exporter
If an exporter defaults on the participating financial institution's loan because
of a loss and that institution is excused from repaying the guaranteed funding, the
Director is subrogated to the exporter's rights against the foreign customer for payment
and to the participating financial institution's rights against the exporter to the
extent of any payment received by the exporter which reduces his or her loss for which
his or her payment to the participating financial institution has previously been
excused.
Source: official Nevada text · Last verified 2026-08-27
Frequently Asked Questions About Nevada § 349.790
What does Nevada Revised Statutes § 349.790 cover?
Section 349.790 ("Director subrogated to rights of exporter and participating financial institution upon default by exporter") 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 § 349.790?
A common citation format is "Nevada Revised Statutes § 349.790" (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 § 349.790 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.