Every common and contract motor carrier who engages in transportation intrastate and the collection of the purchase price of goods sold by the shipper to the consignee shall provide a bond, to be filed with the Authority, for the benefit of the shipper in an amount which the Authority deems reasonably sufficient as an aggregate but not to exceed $1,000, to insure the shipper against any loss of the moneys so collected by the carrier through misappropriation, negligence or other defalcations.
NRS 706.296
Duty of carrier engaged in intrastate transportation and collecting purchase price on delivery of goods sold by shipper to file bond with Authority
Known as the Interstate Highway User Fee Apportionment Act
The act spans §§ 706–706 (285 sections).
(Added to NRS by 1971, 695; A 1997, 1936)
Official source: Nevada Legislature. Reproduced from public-domain Nevada statutes; confirm against the official source for the current text. Not legal advice.