Nev. Rev. Stat. § 485.250

Current through 82nd (2023) Legislative Session Chapter 535 and 34th (2023) Special Session Chapter 1 and 35th (2023) Special Session Chapter 1
Section 485.250 - Authority of Department to reduce amount of security

The Department may reduce the amount of security ordered in any case within 6 months after the date of the crash if, in its judgment, the amount ordered is excessive. In case the security originally ordered has been deposited, the excess deposited over the reduced amount ordered must be returned to the depositor or his or her personal representative forthwith, notwithstanding the provisions of NRS 485.270.

NRS 485.250

[Part 8:127:1949; 1943 NCL § 4439.08]-(NRS A 1961, 143; 1999, 3582; 2015, 1650)
Amended by 2015, Ch. 317,§53, eff. 1/1/2016.
[Part 8:127:1949; 1943 NCL § 4439.08 ] - (NRS A 1961, 143; 1999, 3582)