1. A person may maintain a noncommercial collection of legally obtained live wildlife if:
(a) Such a collection is not maintained for public display nor as a part of or adjunct to any commercial establishment; and
(b) The wildlife contained in such a collection is of a species which may be possessed in accordance with regulations adopted by the Commission pursuant to subsection 2 of NRS 504.295.
2. The Commission may adopt reasonable regulations establishing minimum standards for the fencing or containment of any collection of wildlife.