NAC639.635. Cessation of operation.

     1. If an authorized warehouse intends to cease operation, it shall notify the Board and the manufacturer, wholesaler, pharmacy or chain warehouse with whom it has entered into a contract to receive, store or ship prescription drugs and goods. The notice must be sent by certified mail not later than 30 days before the authorized warehouse intends to cease operation.

     2. If an authorized warehouse ceases operation, it shall arrange with the manufacturer, wholesaler, pharmacy or chain warehouse with whom it has contracted for the return of any prescription drugs or goods in its possession or for the shipment of those prescription drugs and goods to another authorized warehouse or wholesaler.

     3. On the day it ceases operation, the authorized warehouse shall allow a representative of the Board to inspect the premises of the authorized warehouse in order to verify that all prescription drugs and goods have been removed from the premises. The Board will impound any prescription drugs and goods remaining on the premises of the authorized warehouse, cause an inventory of those items to be conducted and sell the items pursuant to the provisions of NAC 639.634. Money received from the sale will be distributed on the basis that the amount needed to satisfy the claim of the authorized warehouse is zero.

     (Added to NAC by Bd. of Pharmacy, eff. 10-1-93)