NRS 388A.423
Bankruptcy: Disposition of property

  • immunity of State and sponsor from liability.

1.

If a charter school files a voluntary petition of bankruptcy or is declared bankrupt during a school year, any real property or other property held by the charter school must be disposed of as provided in NRS 388A.306.

2.

If a charter school files a voluntary petition of bankruptcy or is declared bankrupt during a school year, neither the State of Nevada nor the sponsor of the charter school may be held liable for any claims resulting from the bankruptcy.
ACCOUNT FOR CHARTER SCHOOLS

Source: Section 388A.423 — Bankruptcy: Disposition of property; immunity of State and sponsor from liability., https://www.­leg.­state.­nv.­us/NRS/NRS-388A.­html#NRS388ASec423 (accessed May 26, 2025).

May 26, 2025

§ 388A.423. Bankr.: Disposition of property's source at nv​.us