Nevada § 388A.275 - Charter contract not assignable or transferable; charter contract may not be used as security for loan
Full text of Nevada Nevada Revised Statutes § 388A.275 — Charter contract not assignable or transferable; charter contract may not be used as security for loan, with citation guidance and answers to common questions.
§ 388A.275. Charter contract not assignable or transferable; charter contract may not be used as security for loan
1. A charter contract entered into between the governing body of a charter school
and the sponsor of the charter school is not assignable or transferable and may not
be delegated to a third party. 2. A charter contract may not be used as security for any loan and shall be deemed
to have no monetary value. 3. For the purpose of this section, an amendment to a charter contract which consolidates
two or more charter schools, the restart of a charter school pursuant to NRS 388A.300 and the reconstitution of the governing body of a charter school pursuant to NRS 388A.330 do not constitute the assignment, transfer or delegation of a charter contract.
Source: official Nevada text · Last verified 2026-08-27
Frequently Asked Questions About Nevada § 388A.275
What does Nevada Revised Statutes § 388A.275 cover?
Section 388A.275 ("Charter contract not assignable or transferable; charter contract may not be used as security for loan") 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 § 388A.275?
A common citation format is "Nevada Revised Statutes § 388A.275" (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 § 388A.275 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.