NRS573.020. Holding of public livestock auction without license prohibited; procedure for application for license.

      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 public livestock auction.

      (b) The location of the establishment or premises where the public livestock auction will be conducted.

      (c) The type or kinds of livestock to be handled, sold or exchanged.

      (d) A description of the facilities that will be used to conduct the public livestock auction.

      (e) The weekly or monthly sales day or days on which the applicant proposes to operate the applicant’s public livestock auction.

      (f) The name and address of the bank or credit union where the custodial account for consignors’ proceeds will be established and maintained by the operator of the public livestock auction in compliance with the provisions of NRS 573.104.

      (g) Such other information as the Department reasonably may require, including, without limitation, proof that at the time of application the applicant has a line of credit established at a bank or credit union in the State of Nevada in an amount at least equal to the estimated average weekly gross sales receipts of the public livestock auction that will be conducted by the applicant.

      3.  The application must be accompanied by a bond or deposit receipt and the required fee as provided in this chapter.

      [2:78:1947; 1943 NCL § 3825.02]—(NRS A 1961, 551; 1965, 379; 1993, 1750; 1999, 1513, 3689; 2001, 91)