Nevada § 396.871 - Interim debentures: Funding by reissuance of bonds pledged as collateral security; issuance of other bonds
Full text of Nevada Nevada Revised Statutes § 396.871 — Interim debentures: Funding by reissuance of bonds pledged as collateral security; issuance of other bonds, with citation guidance and answers to common questions.
§ 396.871. Interim debentures: Funding by reissuance of bonds pledged as collateral security; issuance of other bonds
1. For the purpose of funding any interim debentures, any bonds pledged as collateral
security to secure the payment of such interim debentures (upon their surrender as
pledged property) may be reissued, and any bonds not previously issued but authorized
to be issued by any law for a purpose or purposes the same as or encompassing the
purpose or purposes for which the interim debentures were issued, may be issued for
such a funding. 2. Any such bonds shall mature at such time or times as the Board may determine, but
in no event exceeding 50 years from the dates of the interim debentures so funded
and the bonds so pledged as collateral security, or if the dates are not the same,
from whichever date is the earlier. 3. Bonds for funding (including but not necessarily limited to any such reissued bonds)
and bonds for any other purpose or purposes may be issued separately or issued in
combination in one series or more. 4. Except as herein otherwise provided in NRS 396.868 to 396.871 , inclusive, any such funding bonds shall be issued as is provided herein for other
bonds.
Source: official Nevada text · Last verified 2026-08-27
Frequently Asked Questions About Nevada § 396.871
What does Nevada Revised Statutes § 396.871 cover?
Section 396.871 ("Interim debentures: Funding by reissuance of bonds pledged as collateral security; issuance of other bonds") 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 § 396.871?
A common citation format is "Nevada Revised Statutes § 396.871" (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 § 396.871 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.