59-1705. Seller, defined.
142 words·~1 min read·
/ne/chapter-59/59-1705A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Seller shall mean a person who sells or leases or offers to sell or lease a seller-assisted marketing plan and:
(1)Has sold, leased, represents, or implies that the seller has sold or leased, whether in Nebraska or elsewhere, at least five seller-assisted marketing plans within twenty-four months prior to a solicitation; or
(2)Intends, represents, or implies that the seller intends to sell or lease, whether in Nebraska or elsewhere, at least five seller-assisted marketing plans within twelve months following a solicitation. If the seller intends to sell four or less seller-assisted marketing plans within the time period stated in this subdivision, the seller, in order to be excluded from the provisions of the Seller-Assisted Marketing Plan Act, shall notify each purchaser in writing at the time of sale of its intention to sell only four or less seller-assisted marketing plans.