As used in this chapter: 1. “Annual sale of livestock” means any sale of livestock: (a) To which any member of the public may consign livestock for sale or exchange through public bidding at the sale of the livestock; and (b) Which is conducted for not more than 2 consecutive days during a calendar year. […]
Because of the paramount importance of livestock raising to the economy of the State of Nevada and the essential function performed by public auction sales in the livestock industry, it is declared to be an essential part of the public policy of this state to regulate such sales in order to avoid fraud upon consignors […]
1. A person shall not hold, operate, conduct or carry on a public livestock auction in this state without first securing a license therefor from the Department. 2. The application for a license must be on a form prescribed and furnished by the Department and set forth: (a) The name of the operator of the […]
1. In lieu of securing a license to hold, operate, conduct or carry on a public livestock auction pursuant to NRS 573.020, a person who wishes to conduct an annual sale of livestock may submit an application to the Department for the issuance of a limited license to conduct such a sale. The application must […]
Before a license is issued by the Department to an operator of a public livestock auction or a limited license is issued by the Department to conduct an annual sale of livestock, the applicant must deliver to the Director: 1. A surety bond pursuant to the provisions of NRS 573.033; or 2. A deposit receipt […]
1. Except as otherwise provided in NRS 573.025, if an applicant delivers a surety bond to the Director pursuant to the provisions of NRS 573.025 or subsection 1 of NRS 573.030, the surety bond must be: (a) In the amount of $200,000 or the amount of bond coverage calculated for a market agency pursuant to […]
1. As authorized by NRS 573.025 or subsection 2 of NRS 573.030, in lieu of filing the bond described in NRS 573.033, the applicant may deliver to the Director the receipt of a bank, credit union or trust company doing business in this state showing the deposit with that bank, credit union or trust company […]
The State Board of Agriculture shall establish by regulation the fee for: 1. A license to operate a public livestock auction. 2. A limited license to conduct an annual sale of livestock. [Part 4:78:1947; 1943 NCL § 3825.04]—(NRS A 1961, 552; 1999, 3597; 2019, 2611)
Upon receipt of an application for a license to operate a public livestock auction under this chapter, accompanied by the required bond and license fee, the Department shall examine the application, and if it finds the application to be in proper form and that the applicant has otherwise complied with this chapter, the Director or […]
A separate license shall be required for each establishment or premises where a public livestock auction is operated or conducted. [Part 5:78:1947; 1943 NCL § 3825.05]
A license to operate a public livestock auction must be in such form as the Department may prescribe, and set forth: 1. The name and address of the operator of the public livestock auction. 2. The location of the establishment or premises licensed. 3. The kinds of livestock to be sold, exchanged or handled. 4. […]
A license to operate a public livestock auction must be renewed annually upon like application and procedure as in the case of an original license to operate a public livestock auction. An application for the renewal of the license must be accompanied by the name and address of the bank or credit union where the […]
The original license or a certified copy thereof shall be displayed conspicuously by the licensee in the sale ring or in some other like prominent place in the licensed establishment or premises. [Part 5:78:1947; 1943 NCL § 3825.05]
1. The Department may refuse to grant or to renew a license or may suspend or revoke a license if, after notice and a hearing, the Department finds: (a) That the licensee has violated any provision of this chapter, or any rule, order or regulation issued pursuant to law; (b) That the licensee has knowingly […]
Every operator of a public livestock auction whose accounts are audited under the provisions of the Packers and Stockyards Act, 7 U.S.C. § 204, as amended, shall file a copy of each such audit with the Director. (Added to NRS by 1965, 386; A 1993, 1753; 1999, 3692; 2015, 3612)
1. Each licensee shall deposit the gross proceeds received by him or her from the sale of livestock handled on a commission or agency basis in a separate account established and maintained by the licensee in the bank or credit union at which the licensee’s line of credit, as required by paragraph (g) of subsection […]
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 […]
Within 24 hours after a sale of livestock by an operator of a public livestock auction, the operator of the public livestock auction shall pay to the consignor of such livestock the net proceeds of the sale due such consignor. (Added to NRS by 1965, 383)
1. A consignor creditor claiming to be injured by the fraud of a licensee may bring an action upon the bond against the principal and the surety in any court of competent jurisdiction to recover the damages caused by the fraud. 2. The Director or any consignor creditor may also bring an action upon the […]
1. In case of failure by a licensee to pay the amount due a consignor creditor whose livestock was handled or sold through or at the licensee’s public livestock auction, as evidenced by a verified complaint filed with the Director, the Director shall proceed forthwith to ascertain the names and addresses of all consignor creditors […]
