Nevada § 645G.350 Exchange funds required to be kept separate

Nevada Statutes

§ 645G.350 — Exchange funds required to be kept separate

Nevada § 645G.350

Title 54PROFESSIONS, OCCUPATIONS AND BUSINESSES

Ch. 645GExchange

MONEY RECEIVED BY LICENSEE; FIDELITY BONDS OR DEPOSITS; INSURANCE

This text of Nevada § 645G.350 (Exchange funds required to be kept separate) 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. § 645G.350 (2026).

Text

All exchange funds must be kept separate from money belonging to the licensee and must be deposited in a financial institution that is federally insured or insured by a private insurer approved pursuant to NRS 672.755 unless another financial institution has been designated in writing in the exchange agreement. The money when deposited must be designated as “trust funds” or “escrow accounts” or under some other appropriate name indicating that the money is not the money of the licensee.

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All exchange funds must be kept separate from money belonging to the licensee and must be deposited in a financial institution that is federally insured or insured by a private insurer approved pursuant to NRS 672.755 unless another financial institution has been designated in writing in the exchange agreement. The money when deposited must be designated as “trust funds” or “escrow accounts” or under some other appropriate name indicating that the money is not the money of the licensee.