All money which the Department receives in lieu of a surety bond from any dealer, importer or other person to meet a prerequisite for the issuance of a license or to comply with a provision of this title must be deposited with the State Treasurer for credit to the Department of Taxation’s Account in the State Agency Fund for Bonds.
NRS 360.271
Deposit of money received by Department in lieu of surety bond
Applied in 2 court decisions — leading case R.O.A.M., Inc. v. Aetna Casualty & Surety Co. (In re R.O.A.M., Inc.) (1981)
Most recently applied in In Re ROAM, Inc. (December 1981)
(Added to NRS by 1977, 197; A 1985, 715; 1991, 1767)
Official source: Nevada Legislature. Reproduced from public-domain Nevada statutes; confirm against the official source for the current text. Not legal advice.