Nevada § 576.125 - Accounting and remittances by commission merchants; records of sales; payments by dealers; penalties for nonpayment

§ 576.125. Accounting and remittances by commission merchants; records of sales; payments by dealers; penalties for nonpayment

1. If requested by his or her consignor, a commission merchant shall, before the close

of the next business day following the sale of any farm products consigned to him

or her, transmit or deliver to the owner or consignor of the farm products a true

written account of the sale, showing the amount sold and the selling price. Remittance in full of the amount realized from such sales, including all collections,

overcharges and damages, less the agreed commission and other charges, together with

a complete account of sales, must be made to the consignor within 10 days after receipt

of the money by the commission merchant, unless otherwise agreed in writing. 2. Each commission merchant shall retain a copy of all records covering each transaction

for 1 year after the date thereof, which copy must at all times be available for and

open to the confidential inspection of the Director and the consignor, or an authorized

representative of the Director or consignor. 3. Each dealer shall pay for farm products delivered to him or her at the time and

in the manner specified in the contract with the producer, but if no time is set by

the contract, or at the time of the delivery, within 30 days after the delivery or

taking possession of the farm products, except that livestock whose sale is subject

to the Packers and Stockyards Act, 7 U.S.C. §§ 181 to 231 , inclusive, must be paid for within the period required by that act and any applicable

regulations adopted pursuant thereto. 4. A person who, with the intent to defraud, fails to make full payment for farm products

purchased pursuant to this chapter within 10 days after receiving written notice of

the fact that the payment is past due: (a) Is guilty of a gross misdemeanor, if the amount owed is $1,000 or less. (b) Is guilty of a category D felony, if the amount owed is more than $1,000, and

shall be punished as provided in NRS 193.130 . In addition to any other penalty, the court shall order the person to pay restitution.