Nebraska Statutes

§ 59-1705 — Seller, defined

Nebraska·Ch. 59 Monopolies and Unlawful Restraint of Trade

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 t

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Legislative History

Source: Laws 1979, LB 180, § 5; Laws 1983, LB 461, § 1; Laws 1993, LB 218, § 5.

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