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Current as of January 01, 2025 | Updated by Findlaw Staff
For the purposes of NRS 706.3056, the Department may accept from the operator of a taxicab any one of the following forms of security, or any combination thereof:
1. A time certificate of deposit with any bank or credit union licensed or chartered by this State or the Federal Government, made payable to the operator and the Department.
2. Bonds and securities issued or guaranteed by the Federal Government made payable to the operator and the Department.
3. A deposit in an amount required by NRS 706.3056 made with the State Treasurer, with the Department appointed as trustee of the deposit.
4. A surety bond submitted on behalf of the operator by any surety company authorized to transact business in this State.
5. Any other form of security, including the net worth of the operator, which is acceptable to the Department.
Cite this article: FindLaw.com - Nevada Revised Statutes Title 58. Energy; Public Utilities and Similar Entities § 706.3058. Operator of taxicab: Permitted forms of security - last updated January 01, 2025 | https://codes.findlaw.com/nv/title-58-energy-public-utilities-and-similar-entities/nv-rev-st-706-3058/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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