Nevada § 539.610 - Redemption of bonds before maturity: Procedure
Full text of Nevada Nevada Revised Statutes § 539.610 — Redemption of bonds before maturity: Procedure, with citation guidance and answers to common questions.
§ 539.610. Redemption of bonds before maturity: Procedure
1. Whenever after 10 years from the issuance of bonds the bond fund shall amount to
the sum of $10,000, the board of directors may direct the treasurer to pay such an
amount of the bonds not due as the money in the bond fund will redeem at the lowest
value at which they may be offered for liquidation, after advertising for at least
3 weeks in some newspaper published in the county in which the office of the district
is located, and in such other newspaper as the board may deem advisable, for sealed
proposals for the redemption of such bonds. 2. Such proposals shall be opened by the board in open meeting at a time to be named
in the notice, and the lowest bid or bids shall be accepted; but no bonds shall be
redeemed at a rate above par except in cases where the bonds are issued subject to
call at a rate above par as provided in NRS 539.615 to 539.635 , inclusive. 3. In case two or more bids are equal, the lowest-numbered bond shall have the preference,
and if any of the bonds are not so redeemed, that amount of the redemption money shall
be invested by the treasurer under the direction of the board in United States bonds
or the bonds or warrants of the State or municipal or school bonds, and such bonds
and the proceeds therefrom shall belong to the bond fund.
Source: official Nevada text · Last verified 2026-08-27
Frequently Asked Questions About Nevada § 539.610
What does Nevada Revised Statutes § 539.610 cover?
Section 539.610 ("Redemption of bonds before maturity: Procedure") 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 § 539.610?
A common citation format is "Nevada Revised Statutes § 539.610" (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 § 539.610 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.