Payment of securities not to be secured by encumbrance, mortgage or pledge of property; exception.

NRS 396.841 Payment of securities not to be secured by encumbrance, mortgage or pledge of property; exception. The payment of securities shall not be secured by an encumbrance, mortgage or other pledge of property of the University or the Board, except for the pledged revenues of the University or the Board. No property of either the University or the Board, subject to such exception, shall be liable to be forfeited or taken in payment of securities. (Added to NRS by 1967, 8)