Nevada Revised Statutes 487.494 – License to issue identifying cards: Bond; deposit in lieu of bond
Current as of: 2022 | Check for updates
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1. Except as otherwise provided in subsection 2, an applicant for a license to issue identifying cards shall file with the Department a bond payable to the State of Nevada in the amount of $10,000. The bond must be executed by the applicant as principal and by a corporation qualified under NRS 100.065 as surety.
Terms Used In Nevada Revised Statutes 487.494
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Department: means the Department of Motor Vehicles. See Nevada Revised Statutes 481.015
2. An applicant may, instead of filing a bond, deposit $10,000 with the State Treasurer in any form authorized by NRS 100.065.