NRS 396.867: Failure of holder to proceed does not relieve University and its officers, agents and employees of liability for nonperformance of duties.

The failure of any holder of any securities or any coupons appertaining thereto so to proceed as herein provided or in such proceedings shall not relieve the Board or the University, or any of their officers, agents and employees of any liability for failure to perform or carry out any duty, obligation or other commitment.