Nevada Revised Statutes 611.080 – Bond: Payable to people of State of Nevada; conditions
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The bond shall be payable to the people of the State of Nevada and shall be conditioned that the person applying for the license will comply with the provisions of NRS 611.020 to 611.320, inclusive, and shall pay all damages occasioned to any person by reason of any misstatement, misrepresentation, fraud or deceit, or any unlawful act or omission of any licensee, made, committed or omitted in the business conducted under the license, or caused by any other violation of such provisions in carrying on the business for which the license is granted.
Terms Used In Nevada Revised Statutes 611.080
- Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
- Fraud: Intentional deception resulting in injury to another.
- person: means a natural person, any form of business or social organization and any other nongovernmental legal entity including, but not limited to, a corporation, partnership, association, trust or unincorporated organization. See Nevada Revised Statutes 0.039