Statutes > Nevada Statutes > TITLE 9 - SECURITY INSTRUMENTS OF PUBLIC UTILITIES; MORTGAGES; DEEDS OF TRUST; OTHER LIENS > Chapter 108 - Statutory Liens > MECHANICS’ AND MATERIALMEN’S LIENS > 108.22176 - “Surety” defined.

108.22176 - “Surety” defined.

108.22176  “Surety” defined.  “Surety” means a corporation authorized to transact surety business in this state pursuant to NRS 679A.030 that:

      1.  Is included in the United States Department of the Treasury’s Listing of Approved Sureties; and

      2.  Issues a surety bond pursuant to NRS 108.2413 to 108.2425, inclusive, that does not exceed the underwriting limitations established for that surety by the United States Department of the Treasury.

      (Added to NRS by 2003, 2589)