Nev. Admin. Code § 639.5937 - Bond or other security: Amount required from certain wholesalers; reduction of amount; substitution
1. Unless the Board
otherwise requires, a wholesaler shall file with the Board a bond or other
security in the amount of $25,000 pursuant to
NRS
639.515 if the wholesaler is:
(a) Accredited by the National Association of
Boards of Pharmacy under the Verified-Accredited Wholesale Distributors
program;
(b) A manufacturer of
prescription drugs; or
(c) A
facility that distributes prescription drugs manufactured by a single
manufacturer.
2. The
Board will reduce the bond or other security to the amount of $5,000 if any
wholesaler described in subsection 1 has been licensed with the Board for 5
consecutive years or more.
3. Any
bond or other security filed with the Board pursuant to subsection 1 may be
substituted by a different bond or other security of equal value. The Board
will release the previous bond or other security to the applicant upon receipt
of the new bond or security.
Notes
NRS 639.070, 639.515
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