Nevada § 706.3058 Operator of taxicab: Permitted forms of security

Nevada Statutes

§ 706.3058 — Operator of taxicab: Permitted forms of security

Nevada § 706.3058

Title 58ENERGY; PUBLIC UTILITIES AND SIMILAR ENTITIES

Ch. 706Motor

Liability Insurance, Indemnification, Bonds and Security

This text of Nevada § 706.3058 (Operator of taxicab: Permitted forms of security) is published on Counsel Stack Legal Research, covering Nevada primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Nev. Rev. Stat. § 706.3058 (2026).

Text

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

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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.