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Nebraska Revised Statutes Chapter 59. Monopolies and Unlawful Restraints Of Trade § 59-1738. Disclosure document; disclose existence of bond or trust account

Current as of January 01, 2024 | Updated by Findlaw Staff

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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Cite this article: FindLaw.com - Nebraska Revised Statutes Chapter 59. Monopolies and Unlawful Restraints Of Trade § 59-1738. Disclosure document; disclose existence of bond or trust account - last updated January 01, 2024 | https://codes.findlaw.com/ne/chapter-59-monopolies-and-unlawful-restraint-of-trade/ne-rev-st-sect-59-1738/

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