Nevada § 396.8455 - Board of Regents authorized to delegate its authority to sign contract for purchase of securities or to accept bid for securities; certain terms of securities must be approved by Board of Regents
Full text of Nevada Nevada Revised Statutes § 396.8455 — Board of Regents authorized to delegate its authority to sign contract for purchase of securities or to accept bid for securities; certain terms of securities must be approved by Board of Regents, with citation guidance and answers to common questions.
§ 396.8455. Board of Regents authorized to delegate its authority to sign contract for purchase of securities or to accept bid for securities; certain terms of securities must be approved by Board of Regents
1. The Board may, before any sale of securities, whether by competitive bid or negotiated
sale, delegate to the Chancellor of the University or the Vice Chancellor for Finance
of the University the authority to sign a contract for the purchase of the securities
or to accept a binding bid for the securities subject to the requirements specified
by the Board concerning: (a) The rate of interest on the securities; (b) The dates on which and the prices at which the securities may be called for redemption
before maturity; (c) The price at which the securities will be sold; and (d) The principal amount of the securities and the amount of principal maturing in
any particular year. 2. All terms of the securities other than: (a) The rate of interest; (b) The dates and prices for the redemption of the securities; (c) The price for the sale of the securities; (d) The principal amount of the securities; and (e) The requirements for the principal maturing in particular years, must be approved by the Board before the securities are delivered. 3. The final rate of interest, dates and prices of redemption, price for the sale
of the securities, principal amount and the requirements for the principal amount
maturing in particular years are not required to be approved by the Board if each
of those terms complies with the requirements specified by the Board before the contract
for the purchase of the securities is signed or the bid for the securities is accepted.
Source: official Nevada text · Last verified 2026-08-27
Frequently Asked Questions About Nevada § 396.8455
What does Nevada Revised Statutes § 396.8455 cover?
Section 396.8455 ("Board of Regents authorized to delegate its authority to sign contract for purchase of securities or to accept bid for securities; certain terms of securities must be approved by Board of Regents") 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 § 396.8455?
A common citation format is "Nevada Revised Statutes § 396.8455" (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 § 396.8455 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.