Nevada Revised Statutes 573.106 – Payment of net proceeds of sales to consignors
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Within 24 hours after a sale of livestock by an operator of a public livestock auction, the operator of the public livestock auction shall pay to the consignor of such livestock the net proceeds of the sale due such consignor.
Terms Used In Nevada Revised Statutes 573.106
- Consignor: means any person consigning, shipping or delivering livestock to a public livestock auction for sale, resale or exchange. See Nevada Revised Statutes 573.010
- Livestock: means :
(a) Cattle, sheep, goats, horses, mules, asses, burros, swine or poultry; and
(b) Alternative livestock as defined in Nevada Revised Statutes 573.010
- Operator of a public livestock auction: means any person holding, conducting or carrying on a public livestock auction. See Nevada Revised Statutes 573.010
- Public livestock auction: means any sale or exchange of livestock held by any person at an established place of business or premises where the livestock is assembled for sale or exchange, and is exchanged or sold at auction or upon a commission basis at regular or irregular intervals. See Nevada Revised Statutes 573.010