Nevada Revised Statutes 573.015 – Declaration of policy
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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 or purchasers and misappropriation of the proceeds of livestock sold.
Terms Used In Nevada Revised Statutes 573.015
- Fraud: Intentional deception resulting in injury to another.
- Livestock: means :
(a) Cattle, sheep, goats, horses, mules, asses, burros, swine or poultry; and
(b) Alternative livestock as defined in NRS 501. See Nevada Revised Statutes 573.010