Nevada · statute · Nev. Rev. Stat. ch. 348 · 45 active provisions
1. The Legislature finds that: (a) Public securities have traditionally been issued in bearer form, with attached coupons evidencing the installments of interest becoming due on fixed maturity dates, rather than in only full registered form. (b) The Federal Government, by subsection (j) of section 103, Tax Code, as ame…
The following terms, as defined in NRS 348.030 to 348.250, inclusive, for all purposes of this chapter, other provisions of NRS or special acts relating to public securities and any authorizing instrument or document pertaining thereto, unless the context otherwise requires, have the meanings ascribed to them in those…
“Assessment” means a special assessment levied against an assessable tract of property and capital improvements thereon which are specially benefited by the acquisition of capital improvements financed by a public body wholly or in part by the issuance of public securities or otherwise.
1. “Authorized officer” means, with respect to any certificated public security, a person whose signature to the certificated public security is required or permitted, or a person whom the authorized officer is authorized, either alone or with the concurrence of another or others, to authorize to affix the signature of…
“Authorizing instrument” means the ordinance, resolution, trust indenture, order or other official action, or any such instrument amendatory thereof or supplemental thereto, or any applicable combination thereof, by which public securities are authorized to be issued by a public body.
“Certificated public security” means an obligation which: 1. Is issued pursuant to a system of full registration; 2. Is represented by an instrument, and is transferable in the manner described in subsection 1 of NRS 348.110; and 3. Is either one of a class or series or by its terms is divisible into a class or series…
“Facsimile seal” means a reproduction by engraving, imprinting, stamping or other means of the seal of the issuer, official or official body.
“Facsimile signature” means a reproduction by engraving, imprinting, stamping or other means of the manual signature of an authorized officer.
“Financial agreement” means an agreement respecting the payment of the principal of, any prior redemption premium due in connection with, and the interest on a public security.
“Financial intermediary” means a commercial bank, trust bank, broker or clearing corporation, or the nominee of any of them, or other person or its nominee, which in the ordinary course of its business maintains accounts relating to public securities for its customers, when so acting.
“Full registered form” or “full registration” means: 1. With respect to a certificated public security that: (a) The certificated public security specifies a person entitled to the public security or the rights it represents; and (b) Transfer of the certificated public security may be registered upon books maintained f…
“Governing body” means the State Legislature, the State Board of Examiners, any state officer or commission, or other agency or instrumentality of the State authorized to issue public securities in its name and on its behalf, the Board of Regents of the University of Nevada, or any city council, city commission, board…
“Issue” means all public securities constituting the same obligation, whether or not each such security is part of the same class or series.
“Issuer” means a public body which: 1. Executes a certificated public security to evidence its duty to perform a financial agreement represented by the certificated public security; 2. Undertakes to perform a financial agreement if the agreement is an uncertificated public security; or 3. Becomes responsible for or in…
“Obligation” means a financial agreement of an issuer, and includes a share, participation or other interest in such an agreement.
“Official actions” means the actions by statute, order, ordinance, resolution, contract or other authorized means by which the official or official body provides for the issuance of a public security.
“Official or official body” means the officer or the governing body that is empowered under the laws of one or more states, including, without limitation, this state, to provide for the original issuance of a public security of the issuer, by defining the obligation and its terms, conditions and other incidents, the su…
“Original issuance” means the first transfer of a public security by an issuer to a purchaser.
“Person” includes a government, a governmental agency and a political subdivision of a government.
“Public body” means this State, the Nevada System of Higher Education, or a city or town, incorporated or unincorporated, county, school district, other public educational institution, other district, authority or other body corporate and politic comprising a political subdivision of the State or acting on behalf there…
“Public security” means any note, warrant, interim debenture or bond, including, without limitation, a temporary bond, or other security and comprises either a certificated public security or an uncertificated public security evidencing a loan and, before, on or after May 12, 1983, is authorized by the State to be incu…
“State” means the State of Nevada.
“Tax Code” means the federal Internal Revenue Code of 1954.
“Transfer agent” means the treasurer or similar official of the issuer, a corporate or other trustee, registrar, paying agent, other corporate agent, or other person acting as an agent, for, among possibly other duties, the transfer and registration of public securities.
“Uncertificated public security” means an obligation which: 1. Is issued pursuant to a system of full registration; 2. Is transferable in the manner described in subsection 2 of NRS 348.110; and 3. Is either one of a class or series or by its terms is divisible into a class or series of obligations.