Nebraska § 59-1728 Marketing plan; payment secured; buy-back arrangement; representations; prohibited; exception

Nebraska Statutes

§ 59-1728 — Marketing plan; payment secured; buy-back arrangement; representations; prohibited; exception

Nebraska·Ch. 59 Monopolies and Unlawful Restraint of Trade

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.

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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.

Nebraska § 59-1728 (Marketing plan; payment secured; buy-back arrangement; representations; prohibited; exception) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.