NRS 370A.090
“Qualified escrow fund” defined.

“Qualified escrow fund” means an escrow arrangement with a federally or state-chartered financial institution, that has no affiliation with any manufacturer of tobacco products and has assets of at least $1 billion where the arrangement requires the financial institution to hold the principal of the amount deposited in escrow for the benefit of releasing parties and prohibits the manufacturer of tobacco products which deposits the money from using, having access to or directing the use of the principal of the amount deposited except as permitted under NRS 370A.150.

Source: Section 370A.090 — “Qualified escrow fund” defined., https://www.leg.state.nv.us/NRS/NRS-370A.html#NRS370ASec090 (accessed May 26, 2025).

370A.010
Definitions. 370A.020
“Adjusted for inflation” defined. 370A.030
“Affiliate” defined. 370A.040
“Allocable share” defined. 370A.050
“Cigarette” defined. 370A.060
“Manufacturer of tobacco products” defined. 370A.070
“Master Settlement Agreement” defined. 370A.080
“Participating manufacturer” defined. 370A.090
“Qualified escrow fund” defined. 370A.095
“Qualified tribal land” defined. 370A.100
“Released claims” defined. 370A.110
“Releasing parties” defined. 370A.120
“Units sold” defined. 370A.130
Adoption of regulations to ascertain amount of excise tax collected from each manufacturer. 370A.140
Participation in Master Settlement Agreement or deposits into qualified escrow fund required. 370A.150
Deposits into escrow: Disposition of interest 370A.153
Assignment of money deposited into escrow 370A.157
Release of money deposited into escrow to Indian tribes. 370A.160
Compliance by manufacturer: Annual certification 370A.170
Provisions void under certain circumstances.

Verified

May 26, 2025

§ 370A.090. “Qualified escrow fund” defined.'s source at nv.us

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Location: https://nevada.public.law/statutes/nrs_370a.090

Original Source: Section 370A.090 — “Qualified escrow fund” defined., https://www.leg.state.nv.us/NRS/NRS-370A.html#NRS370ASec090 (last accessed May 10, 2025).