NRS 348.430
Appointment of agents by issuer

  • agreement for establishment and maintenance of central depository system.

1.

An issuer may:

(a)

Appoint for such term as may be agreed, including for so long as an issue may be outstanding, corporate or other authenticating trustees, registrars, paying agents, other transfer agents, or other agents, and specify their rights, compensation and duties;

(b)

Limit their liabilities; and

(c)

Provide for their payment of liquidated damages in the event of a breach of certain of the duties imposed, which liquidated damages may be made payable to a financial intermediary.

2.

None of the persons designated above in subsection 1 need have an office or do business within this state.

3.

An issuer may enter into a binding agreement with custodian banks and financial intermediaries, and nominees of any of them, in connection with the establishment and maintenance by others of a central depository system for the transfer or pledge of federal securities, public securities or other securities for the benefit of the issuer.

4.

Any such custodian banks, financial intermediaries and nominees may, if qualified and acting as fiduciaries, also serve as authenticating trustees, registrars, paying agents, other types of transfer agents and other agents of the issuer with respect to the same issue of public securities.

Source: Section 348.430 — Appointment of agents by issuer; agreement for establishment and maintenance of central depository system., https://www.­leg.­state.­nv.­us/NRS/NRS-348.­html#NRS348Sec430.

348.010
Legislative findings and declarations. 348.020
Definitions. 348.030
“Assessment” defined. 348.040
“Authorized officer” defined. 348.050
“Authorizing instrument” defined. 348.060
“Certificated public security” defined. 348.070
“Facsimile seal” defined. 348.080
“Facsimile signature” defined. 348.090
“Financial agreement” defined. 348.100
“Financial intermediary” defined. 348.110
“Full registered form” and “full registration” defined. 348.120
“Governing body” defined. 348.130
“Issue” defined. 348.140
“Issuer” defined. 348.150
“Obligation” defined. 348.160
“Official actions” defined. 348.170
“Official or official body” defined. 348.180
“Original issuance” defined. 348.190
“Person” defined. 348.200
“Public body” defined. 348.210
“Public security” defined. 348.220
“State” defined. 348.230
“Tax Code” defined. 348.240
“Transfer agent” defined. 348.250
“Uncertificated public security” defined. 348.260
Substitution of meanings of terms used in chapter for meanings of corresponding terms in supplemental provisions. 348.270
Applicability. 348.280
Construction: Separate grant of powers 348.290
Construction: Relationship to other law. 348.300
Limitation on amendment and repeal of chapter. 348.310
Determination of governing body. 348.320
Election of issuer concerning applicability of chapter. 348.330
Issuer may issue certificated and uncertificated public securities. 348.340
Form of securities. 348.350
System of full registration. 348.360
Powers of issuer 348.370
Signatures: Requirements. 348.380
Signatures: Effect if officer ceases to fill his or her office 348.390
Use of facsimile seal on certificated public security. 348.400
No seal required on uncertificated public security. 348.410
Statements describing registrants’ rights. 348.420
Records of transferees and pledgees not subject to inspection or copying as public record 348.430
Appointment of agents by issuer 348.440
Payment of installments for principal, interest and premiums. 348.450
Acceptance of deposit of public securities as security.
Last Updated

Feb. 5, 2021

§ 348.430’s source at nv​.us