Nevada § 408.151 - Loans from financial institutions; limitations
Full text of Nevada Nevada Revised Statutes § 408.151 — Loans from financial institutions; limitations, with citation guidance and answers to common questions.
§ 408.151. Loans from financial institutions; limitations
1. Whenever the Legislature is not in session, the Board may borrow, with the approval
of the State Board of Examiners, money from financial institutions for short periods
to carry out the responsibilities of the Department. 2. To secure short-term financing, the Board may pledge only revenue which it anticipates
the Department will receive. 3. The lending institution has no claim against the State, and may recover from the
Director under the loan agreement only to the extent that the revenues pledged as
security for the loan become available.
Frequently Asked Questions About Nevada § 408.151
What does Nevada Revised Statutes § 408.151 cover?
Section 408.151 ("Loans from financial institutions; limitations") 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 § 408.151?
A common citation format is "Nevada Revised Statutes § 408.151" (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 § 408.151 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.