59-1722.01. Transaction; sales under five hundred dollars; exemption from act; provisions applicable.
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/ne/chapter-59/59-1722-01A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Any transaction in which the purchaser makes or will become obligated to make a total initial payment of an amount not exceeding five hundred dollars shall be exempt from the Seller-Assisted Marketing Plan Act, except that such transactions shall be subject to section 59-1751 , to subdivision (1)(d) of section 59-1757 , and to those provisions in the act regulating or prescribing the use of the phrase buy-back or secured investment or similar phrases as set forth in sections 59-1726 to 59-1728 .