59-1728. Marketing plan; payment secured; buy-back arrangement; representations; prohibited; exception.
77 words·~1 min read·
/ne/chapter-59/59-1728A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
In selling, leasing, or offering to sell or lease a seller-assisted marketing plan in this state, sellers of such plans shall not represent that a purchaser's initial payment is secured in any manner or to any degree or that the seller provides a buy-back arrangement unless the seller has, in conformity with section 59-1751 , either obtained a surety bond issued by a surety company admitted to do business in this state or established a trust account.