NRS 573.105
Line of credit: Duty to notify Department of change in amount or replacement

  • suspension of license for failure to maintain.
An operator of a public livestock auction shall notify the Department within 30 days after any change in the amount of the line of credit shown pursuant to paragraph (g) of subsection 2 of NRS 573.020, or its replacement by a line of credit at another bank or credit union in the State of Nevada and the amount of the replacement. If the line of credit is replaced, the custodial account must be transferred to the bank or credit union issuing the new line of credit. If a line of credit in the amount required is not maintained, the Director shall suspend the operator’s license.

Source: Section 573.105 — Line of credit: Duty to notify Department of change in amount or replacement; suspension of license for failure to maintain., https://www.­leg.­state.­nv.­us/NRS/NRS-573.­html#NRS573Sec105.

573.010
Definitions. 573.015
Declaration of policy. 573.020
Holding of public livestock auction without license prohibited 573.025
Limited license to conduct annual sale of livestock. 573.030
Bond required for issuance of license or limited license 573.033
Details and amount of bond 573.035
Bond of market agency. 573.037
Deposit in lieu of bond: Amount 573.040
Fee for license or limited license. 573.050
Issuance of license. 573.060
Separate license required for each establishment or premises. 573.070
Form of license. 573.080
Renewal of license. 573.090
Display of license. 573.100
Denial, suspension or revocation of license 573.103
Audits of accounts 573.104
Custodial accounts for consignors’ proceeds 573.105
Line of credit: Duty to notify Department of change in amount or replacement 573.106
Payment of net proceeds of sales to consignors. 573.107
Actions by consignor creditor or Director on bond. 573.108
Duties of Director when licensee fails to pay consignor creditor 573.109
District court’s power to compel attendance of witnesses and production of books and papers 573.110
Records to be maintained by licensee: Contents 573.120
Records to be maintained by person buying or receiving livestock for slaughter on consignment or for commission or fee: Contents 573.125
Issuance of receipts to purchasers. 573.130
Regulation of sales of livestock under quarantine or infected or exposed to contagious, infectious or parasitic livestock disease 573.140
Cleaning and maintenance of premises 573.150
Inspection and testing of scales. 573.160
Inspection of premises and records by Department. 573.165
Approved space and facilities to be provided for brand inspection. 573.170
Change of sale days: Procedure 573.175
Security agreements not impaired. 573.180
Exemption from provisions of chapter for nonprofit organizations and associations. 573.183
Cease and desist orders. 573.185
Injunctions 573.190
Penalties
Last Updated

Jun. 24, 2021

§ 573.105’s source at nv​.us