§ 519.060 — Payment for ores within 30 days after delivery, sale or settlement; penalty

Nevada § 519.060

• Jurisdiction: Nevada
• Title 46: MINES, MINERALS, OIL AND GAS
• Ch. 519: Purchase,

Text

1. Every person, firm or corporation engaged in the business of purchasing, sampling, reducing or refining of ores, the predominating value of which is in gold or silver, for others, shall make settlement with and pay to the seller of such ores the value thereof, after lawful deductions, within 30 days after the delivery and sampling of such ores.
2. Every person, firm or corporation engaged in the business of purchasing, sampling, or in the treatment or reduction or smelting, of ores or metal, for others, shall make settlement with and pay to the seller of such metals the value thereof, after agreed and lawful deductions, within 30 days after the sale of the products of such metal by the smelter, mill, reduction works, refinery or sampler reducing or refining the same.
3. Every person, firm or corporation or lessor shipping ores, bullion or metals to any smelter, mill, sampler or reduction works or refinery for another, shall make settlement with and pay to the person or persons entitled thereto the value of such ores, bullion or metals, within 30 days after the settlement therefor shall have been made by the smelter, mill, reduction works, refinery or sampler purchasing or reducing or refining the same.
4. Any person violating any of the provisions of this section commits an unlawful conversion, and is guilty of a misdemeanor.

Legislative History

[1:179:1925; NCL § 4190] + [2:179:1925; NCL § 4191] + [3:179:1925; NCL § 4192] + [4:179:1925; NCL § 4193]—(NRS A 1967, 606 )