2015 Nebraska Revised Statutes
Chapter 59 - MONOPOLIES AND UNLAWFUL COMBINATIONS
59-1738 Disclosure document; disclose existence of bond or trust account.
59-1738. Disclosure document; disclose existence of bond or trust account.
If the seller is required to secure a bond or establish a trust account pursuant to the requirements of sections 59-1726 to 59-1728, the disclosure document required by section 59-1732 shall state either:
(1) Seller has secured a bond issued by ............., (name and address of surety company) a surety company admitted to do business in this state. Before signing a contract to purchase this seller-assisted marketing plan, you should check with the surety company to determine the bond's current status; or
(2) Seller has deposited with the Department of Banking and Finance information regarding its trust account. Before signing a contract to purchase this seller-assisted marketing plan, you should check with the Department of Banking and Finance to determine the current status of the trust account.
Source
- Laws 1979, LB 180, § 38;
- Laws 1983, LB 461, § 7.
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