Nevada § 489.7235 - Authority of Division to investigate and audit financial account related to business of dealer or distributor; regulations governing scope of audit
Full text of Nevada Nevada Revised Statutes § 489.7235 — Authority of Division to investigate and audit financial account related to business of dealer or distributor; regulations governing scope of audit, with citation guidance and answers to common questions.
§ 489.7235. Authority of Division to investigate and audit financial account related to business of dealer or distributor; regulations governing scope of audit
1. The Division may investigate and audit any financial account, including, without
limitation, any trust account, related to the business of a dealer or distributor
if: (a) The Division has reasonable cause to believe that the dealer or distributor is
using or has used the account to carry on the business of the dealer or distributor;
and (b) The Division: (1) Has reasonable cause to believe or has received a credible complaint that the
dealer or distributor is insolvent or is in a financial condition, or has engaged
in a financial practice, which creates a substantial risk of insolvency; or (2) Determines that the investigation and audit are reasonably necessary to assist
the Division in administering or enforcing any provision of law. 2. The Administrator shall adopt regulations prescribing the scope of an audit conducted
pursuant to this section. 3. As used in this section, “ insolvency ” or “ insolvent ” means a condition under which a dealer or distributor is unable to meet the liabilities
of his or her business as they become due in the regular course of business and which
creates a substantial risk of harm to the public or a consumer.
Source: official Nevada text · Last verified 2026-08-27
Frequently Asked Questions About Nevada § 489.7235
What does Nevada Revised Statutes § 489.7235 cover?
Section 489.7235 ("Authority of Division to investigate and audit financial account related to business of dealer or distributor; regulations governing scope of audit") is part of the Nevada Revised Statutes, the codified statutory law of Nevada. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Nevada § 489.7235?
A common citation format is "Nevada Revised Statutes § 489.7235" (Nevada). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Nevada law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Nevada official source linked on this page or consult a licensed Nevada attorney.
How does Nevada § 489.7235 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Nevada can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Nevada.