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

NE Code § 59-1728 (2019) (N/A)

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

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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