Nevada Revised Statutes 353B.050 – ‘Qualified beneficiary’ defined
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‘Qualified beneficiary‘ means a person for whom tuition is paid pursuant to a prepaid tuition contract.
Terms Used In Nevada Revised Statutes 353B.050
- Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
- Contract: A legal written agreement that becomes binding when signed.
- person: means a natural person, any form of business or social organization and any other nongovernmental legal entity including, but not limited to, a corporation, partnership, association, trust or unincorporated organization. See Nevada Revised Statutes 0.039