Nevada Revised Statutes 178.504 – Justification of sureties
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1. Every surety, except a corporate surety which is approved as provided by law, shall justify by affidavit and may be required to describe in the affidavit:
Terms Used In Nevada Revised Statutes 178.504
- Affidavit: A written statement of facts confirmed by the oath of the party making it, before a notary or officer having authority to administer oaths.
- Bail: Security given for the release of a criminal defendant or witness from legal custody (usually in the form of money) to secure his/her appearance on the day and time appointed.
- Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
(a) The property by which the surety proposes to justify and the encumbrances thereon;
(b) The number and amount of other bonds and undertakings for bail entered into by the surety and remaining undischarged; and
(c) All other liabilities.
2. No bond shall be approved unless the surety thereon appears to be qualified.
3. A corporate surety that is authorized to transact insurance in this State pursuant to chapter 680A of NRS is a sufficient surety for all courts and shall be deemed to be qualified for purposes of this section.