Nevada § 449.069 - Substitute for surety bond required for facility for refractive surgery
Full text of Nevada Nevada Revised Statutes § 449.069 — Substitute for surety bond required for facility for refractive surgery, with citation guidance and answers to common questions.
§ 449.069. Substitute for surety bond required for facility for refractive surgery
1. As a substitute for the surety bond required pursuant to NRS 449.068 , a facility for refractive surgery may deposit with any bank or trust company authorized
to do business in this State, upon approval of the Administrator of the Division: (a) An obligation of a bank, savings and loan association, savings bank, thrift company
or credit union licensed to do business in this State; (b) Bills, bonds, notes, debentures or other obligations of the United States or any
agency or instrumentality thereof, or guaranteed by the United States; or (c) Any obligation of this State or any city, county, town, township, school district
or other instrumentality of this State, or guaranteed by this State, in an aggregate
amount, based upon principal amount or market value, whichever is lower. 2. The obligations of a bank, savings and loan association, savings bank, thrift company
or credit union must be held to secure the same obligation as would the surety bond
required by NRS 449.068 . With the approval of the Administrator of the Division, the facility may substitute
other suitable obligations for those deposited, which must be assigned to the Division
and are negotiable only upon approval of the Administrator of the Division. 3. Any interest or dividends earned on the deposit accrue to the account of the facility. 4. The deposit must be an amount at least equal to the surety bond required by NRS 449.068 and must state that the amount may not be withdrawn except by the direct and sole
order of the Administrator of the Division.
Source: official Nevada text · Last verified 2026-08-27
Frequently Asked Questions About Nevada § 449.069
What does Nevada Revised Statutes § 449.069 cover?
Section 449.069 ("Substitute for surety bond required for facility for refractive surgery") 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 § 449.069?
A common citation format is "Nevada Revised Statutes § 449.069" (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 § 449.069 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.