Western Surety Co. v. ADCO Credit, Inc.

OPINION

By the Court,

Douglas, C.J.:

In this appeal, we consider whether Nevada’s motor vehicle bond statute, NRS 482.345, includes defrauded finance companies as possible claimants under the bond. We conclude that under the plain meaning of the phrase “any person” in NRS 482.345, a defrauded finance company is a proper claimant under the dealer bond and, thus, the district court properly granted respondent ADCO Credit, Inc.’s petition for judicial review.

FACTS

Appellant Western Surety Company issued a dealer licensing bond in the amount of $50,000 as surety for Joshua’s Auto Sales. Respondent…