NAC426.270. Business checking account: Establishment and maintenance; requirement of sufficient cash; effect of negative balance.

     1. Each operator or trainee shall establish and maintain a checking account for his or her business. The account must be in a commercial bank which is authorized to do business in this State and offers electronic access to banking services. The operator or trainee shall not commingle his or her business and personal money in the business checking account.

     2. Each operator or trainee shall maintain cash in an amount which is sufficient to pay all monthly obligations of his or her vending facility without diminishing the net worth of his or her business.

     3. If an operator maintains a negative balance in the operator’s checking account or issues a check without sufficient money in the checking account, the Bureau may terminate his or her operating agreement.

     [Bur. of Services to the Blind, § 56, eff. 10-14-82]—(NAC A by Bur. of Services to the Blind & Vis. Impaired, 8-28-97; R091-00, 9-25-2000; R228-05, 5-4-2006)