Nevada Revised Statutes 689.345 – Prepaid contracts: Net purchase price required to be available upon notice by buyer, estate or heirs of intent to terminate
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The net purchase price of the preneed contract shall be available to the buyer or the estate or heirs of the buyer at any time prior to performing the service described in the preneed contract upon written notice to the seller and trustee of the intent of the buyer or the estate or heirs of the buyer to terminate the preneed contract and withdraw trust funds attributable to the buyer.
Terms Used In Nevada Revised Statutes 689.345
- Contract: A legal written agreement that becomes binding when signed.
- Trustee: A person or institution holding and administering property in trust.