2015 Nebraska Revised Statutes
Chapter 59 - MONOPOLIES AND UNLAWFUL COMBINATIONS
59-1728 Marketing plan; payment secured; buy-back arrangement; representations; prohibited; exception.
59-1728. Marketing plan; payment secured; buy-back arrangement; representations; prohibited; exception.
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.
Source
- Laws 1979, LB 180, § 28;
- Laws 1995, LB 599, § 17.
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