NRS 396.864
Rights and powers of holders of securities and trustees.


Subject to any contractual limitations binding upon the holders of any issue or series of securities, or trustee therefor, including but not limited to the restriction of the exercise of any remedy to a specified proportion, percentage or number of such holders, and subject to any prior or superior rights of others, any holder of securities, or trustee therefor, shall have the right and power, for the equal benefit and protection of all holders of securities similarly situated:

1.

By mandamus or other suit, action or proceeding at law or in equity to enforce his or her rights against the Board or University, or both, the Chancellor of the University, and any other of the officers, agents and employees of the Board or University, or both, to require and compel the Board or University, or both, or any such officers, agents or employees to perform and carry out their respective duties, obligations or other commitments hereunder and their respective covenants and agreements with the holder of any security;

2.

By action or suit in equity to require the Board or University, or both, to account as if they were the trustee of an express trust;

3.

By action or suit in equity to have appointed a receiver, which receiver may enter and take possession of any facilities and any pledged revenues for the payment of the securities, prescribe sufficient fees derived from the facilities, and collect, receive and apply all pledged revenues or other moneys pledged for the payment of the securities in the same manner as the Board itself might do in accordance with the obligations of the University or the Board; and

4.

By action or suit in equity to enjoin any acts or things which may be unlawful or in violation of the rights of the holder of any securities and to bring suit thereupon.

Source: Section 396.864 — Rights and powers of holders of securities and trustees., https://www.­leg.­state.­nv.­us/NRS/NRS-396.­html#NRS396Sec864.

396.809
Short title.
396.810
Purpose
396.811
Definitions.
396.812
“Acquisition” and “acquire” defined.
396.813
“Board” defined.
396.814
“Chair” and “Chair of the Board” defined.
396.815
“Commercial bank” defined.
396.816
“Cost of any project” defined.
396.817
“Facilities” defined.
396.818
“Federal Government” defined.
396.819
“Federal securities” defined.
396.820
“Gross revenues” and “gross pledged revenues” defined.
396.821
“Hereby,” “herein,” “hereinabove,” “hereinafter,” “hereinbefore,” “hereof,” “hereto,” “hereunder,” “heretofore” and “hereafter” defined.
396.822
“Holder” defined.
396.823
“Improvement” and “improve” defined.
396.824
“Net revenues” and “net pledged revenues” defined.
396.825
“Operation and maintenance expenses” defined.
396.826
“Operation and maintenance expenses”: Exclusions from definition.
396.828
“Pledged revenues” defined.
396.829
“Pledged revenues”: Exclusions from definition.
396.831
“Project” defined.
396.832
“Secretary of the Board” defined.
396.833
“Securities” defined.
396.834
“State” defined.
396.835
“Treasurer of the University” defined.
396.836
“Trust bank” defined.
396.837
“United States” defined.
396.838
“University” defined.
396.839
Bonds and other securities are special obligations payable solely out of net pledged revenues.
396.840
Proposed securities: Sufficiency of revenues
396.841
Payment of securities not to be secured by encumbrance, mortgage or pledge of property
396.842
Recourse against individual Regents: Acceptance of securities constitutes waiver and release.
396.843
Bonds and other securities not obligations of or enforceable against State
396.844
Faith of State pledged against repeal, amendment or modification of University Securities Law.
396.845
Power of University or Regents to become obligated and issue securities for project
396.846
Types of securities which may be issued
396.847
Notes and warrants: Maturity
396.848
Temporary bonds: Conditions, terms and provisions
396.849
Resolution authorizing issuance of securities: Description of purposes.
396.850
Details of securities provided by resolution.
396.851
Recital in securities conclusive evidence of validity and regularity of issuance.
396.852
Denomination, negotiability and maturity of securities
396.853
Execution, signing, countersigning and authentication of securities and coupons
396.854
Redemption before maturity.
396.855
Repurchase of bonds and other securities.
396.856
Use of money received from issuance of securities.
396.857
Disposition of unexpended balance after completion of project.
396.858
Validity of securities not dependent on proceedings relating to project or completion of purpose
396.859
Special funds and accounts: Creation
396.860
Employment of legal and other expert services
396.861
Investment and reinvestment of revenues and proceeds of securities in federal securities.
396.862
Covenants and other provisions in bonds and other securities.
396.863
Pledged revenues received or credited subject to immediate lien
396.864
Rights and powers of holders of securities and trustees.
396.865
Receivers: Appointment
396.866
Rights and remedies cumulative.
396.867
Failure of holder to proceed does not relieve University and its officers, agents and employees of liability for nonperformance of duties.
396.868
Interim debentures: Maturity
396.869
Interim debentures: Security for payment.
396.870
Interim debentures: Extension and funding.
396.871
Interim debentures: Funding by reissuance of bonds pledged as collateral security
396.872
Refunding of securities payable from pledged revenues: Resolution
396.873
Refunding bonds: Exchange for outstanding bonds or federal securities
396.874
Conditions for refunding bonds.
396.875
Refunding bonds: Disposition of proceeds, accrued interest and premium
396.876
Proceeds of refunding bonds in escrow or trust: Investment
396.877
Refunding bonds payable from pledged revenues.
396.878
Issuance of bonds separately or in combination.
396.879
Other statutory provisions applicable to refunding bonds.
396.880
Conclusive determination of Board of Regents that statutory limitations have been met.
396.881
Bonds and other securities exempt from taxation
396.882
Bonds and other securities legal investments for state money.
396.883
Legal investments for other persons.
396.885
Liberal construction.
396.8145
“Chancellor of the University” defined.
396.8163
“Disposal” and “dispose” defined.
396.8167
“Equip” and “equipment” defined.
396.8395
Revenues which may be included as pledged revenues.
396.8455
Board of Regents authorized to delegate its authority to sign contract for purchase of securities or to accept bid for securities
396.8495
Resolution authorizing issuance of securities may fix rate of interest
396.8615
Investment and reinvestment of pledged revenues and proceeds of securities issued in investment contract collateralized with securities issued by Federal Government.
396.8625
Agreements in connection with securities: Exchange of interest rates
Last Updated

Feb. 5, 2021

§ 396.864’s source at nv​.us