Nevada § 396.867 - Failure of holder to proceed does not relieve University and its officers, agents and employees of liability for nonperformance of duties
Full text of Nevada Nevada Revised Statutes § 396.867 — Failure of holder to proceed does not relieve University and its officers, agents and employees of liability for nonperformance of duties, with citation guidance and answers to common questions.
§ 396.867. Failure of holder to proceed does not relieve University and its officers, agents and employees of liability for nonperformance of duties
The failure of any holder of any securities or any coupons appertaining thereto so
to proceed as herein provided or in such proceedings shall not relieve the Board or
the University, or any of their officers, agents and employees of any liability for
failure to perform or carry out any duty, obligation or other commitment.
Source: official Nevada text · Last verified 2026-08-27
Frequently Asked Questions About Nevada § 396.867
What does Nevada Revised Statutes § 396.867 cover?
Section 396.867 ("Failure of holder to proceed does not relieve University and its officers, agents and employees of liability for nonperformance of duties") 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 § 396.867?
A common citation format is "Nevada Revised Statutes § 396.867" (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 § 396.867 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.