Nevada Revised Statutes 689.165 – Certificate of authority and compliance with provisions required to sell or accept money under prepaid contract
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A person shall not sell any prepaid contract or accept any money under such a contract unless:
Terms Used In Nevada Revised Statutes 689.165
- 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
1. The person holds a valid certificate of authority as a seller issued by the Commissioner; and
2. The contract and the sale thereof are in compliance with the provisions of NRS 689.150 to 689.375, inclusive.