Such security shall:
- 1. Be for the protection, use and benefit of all persons whose applications for membership in a motor club have been accepted by such club or its representative.
2. Be subject to the following conditions and, if a bond, shall be so expressly conditioned:
- (a) The club will faithfully furnish and render to such persons any and all of the motor club services sold or offered for sale by it.
- (b) The club will pay any fines, fees or penalties imposed upon it under or pursuant to this chapter.
(Added to NRS by 1971, 1877)