NRS 576.045
Retention of money or securities deposited in lieu of bond after operations cease.

If any licensed dealer, broker or commission merchant for any reason ceases to operate as such, the amount of money or securities deposited in lieu of a bond must be retained by the Department for 1 year. If after the expiration of 1 year after the cessation of such operation, no legal action has been commenced to recover against the money or securities, they must be delivered to the owner. If a legal action has been commenced within that time, all the money and securities must be held by the Department subject to the order of the district court.

Source: Section 576.045 — Retention of money or securities deposited in lieu of bond after operations cease., https://www.­leg.­state.­nv.­us/NRS/NRS-576.­html#NRS576Sec045.

576.010
Definitions. 576.012
“Alternative livestock” defined. 576.013
“Cash buyer” defined. 576.014
“Consignor” defined. 576.015
“Department” defined. 576.016
“Fixed and established place of business” defined. 576.017
“Livestock” defined. 576.018
“Producer” defined. 576.020
Acting as broker, dealer, commission merchant or agent without license prohibited 576.030
Application for license: Contents 576.032
Additional requirements for issuance and renewal of license: Statement regarding obligation of child support 576.035
Previous convictions and violations by applicant may be considered as adverse showing of character, responsibility and good faith 576.037
Petition to review criminal history to determine if criminal history disqualifies applicant. 576.040
Bonds and other security 576.042
Civil action for violation of chapter or misrepresentation or fraud 576.045
Retention of money or securities deposited in lieu of bond after operations cease. 576.048
Revocation for default 576.050
Annual license fee. 576.060
Investigation of applicant 576.080
Form and contents of licenses. 576.090
Expiration of licenses. 576.095
Licensing of other classifications without payment of fee. 576.100
Agents: Designation 576.105
Application for renewal of license required to include information relating to state business license 576.110
Investigation of transactions involving farm products. 576.0115
“Agent” defined. 576.0117
“Agricultural product” defined. 576.120
Grounds for refusing to grant or renew or for suspension or revocation of license 576.121
Mandatory suspension of license for failure to pay child support or comply with certain subpoenas or warrants 576.123
Records of commission merchants, dealers and brokers. 576.0125
“Broker” defined. 576.125
Accounting and remittances by commission merchants 576.127
Cargo manifests required to be carried on motor vehicles operated by dealers and commission merchants 576.128
Certification as actual producer of certain farm products: Regulations of Department 576.129
Alternative livestock: Permit required 576.131
Alternative livestock: Recapture of escaped livestock 576.132
Free-sale certificate for agricultural product 576.133
Cease and desist orders. 576.135
Injunctions 576.0135
“Commission merchant” defined. 576.137
Exemption for cash buyer purchasing for own use. 576.140
Inapplicability of chapter. 576.0145
“Dealer” defined. 576.150
Civil and criminal penalties 576.0152
“Director” defined. 576.0155
“Farm products” defined. 576.0162
“Free-sale certificate” defined. 576.0165
“Immediate resale” defined. 576.0175
“Produce vendor” defined. 576.1285
Registration as produce vendor
Last Updated

Feb. 5, 2021

§ 576.045’s source at nv​.us