NRS487.400. Definitions.

Latest version.

As used in NRS 487.400 to 487.510, inclusive:

      1. “Identifying card” means a card:

      (a) Authorizing the holder to bid for the purchase of vehicles from the operator of a salvage pool; and

      (b) Containing the information required by NRS 487.070, 487.475 or 487.477.

      2. “Salvage pool” means a business which obtains motor vehicles from:

      (a) Insurers and self-insurers for sale on consignment or as an agent for the insurer or self-insurer if the vehicles are acquired by the insurer or self-insurer as the result of a settlement for insurance; or

      (b) Licensed vehicle dealers, rebuilders, lessors or wreckers for sale on consignment.

(Added to NRS by 1987, 1594; A 1989, 862; 1991, 527; 1997, 2862; 2009, 1745)

                    
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