Nevada Statutes
§ 353B.155 — Duty of Board to promote and market use of Trust Fund and solicit certain opinions; authority to limit qualified beneficiaries
Nevada § 353B.155
JurisdictionNevada
Title 31PUBLIC FINANCIAL ADMINISTRATION
Ch. 353BCollege
Nevada Higher Education Prepaid Tuition Trust Fund
This text of Nevada § 353B.155 (Duty of Board to promote and market use of Trust Fund and solicit certain opinions; authority to limit qualified beneficiaries) is published on Counsel Stack Legal Research, covering Nevada primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Nev. Rev. Stat. § 353B.155 (2026).
Text
1. The Board shall actively promote and market use of the Trust Fund. 2. The Board shall, before it enters into a prepaid tuition contract with a purchaser, solicit the opinion of:
(a)The Securities and Exchange Commission regarding the application of federal law regarding securities to the Trust Fund; or
(b)An independent legal counsel to ensure that the method of structuring and offering the Trust Fund is in compliance with federal law regarding securities.
3. The Board may:
(a)Require a reasonable length of residence in the State to become a qualified beneficiary.
(b)Restrict the number of qualified beneficiaries.
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Legislative History
(Added to NRS by 1997, 3485 ; A 2001, 2166 )
Nearby Sections
15
§ 353B.001
Definitions§ 353B.002
“Board” defined§ 353B.003
“Marketing” defined§ 353B.004
“System” defined§ 353B.010
Definitions§ 353B.030
“Prepaid tuition contract” defined§ 353B.040
“Purchaser” defined§ 353B.050
“Qualified beneficiary” defined§ 353B.070
“Trust Fund” definedCite This Page — Counsel Stack
Bluebook (online)
Nevada § 353B.155, Counsel Stack Legal Research, https://law.counselstack.com/statute/nv/353B.155.