Nebraska § 59-1738 Disclosure document; disclose existence of bond or trust account

Nebraska Statutes

§ 59-1738 — Disclosure document; disclose existence of bond or trust account

Nebraska·Ch. 59 Monopolies and Unlawful Restraint of Trade

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

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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.

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