NRS 645G.350
Exchange funds to be kept separate.

All exchange funds must be kept separate from money belonging to the licensee and must be deposited in a financial institution that is federally insured or insured by a private insurer approved pursuant to NRS 672.755 unless another financial institution has been designated in writing in the exchange agreement. The money when deposited must be designated as “trust funds” or “escrow accounts” or under some other appropriate name indicating that the money is not the money of the licensee.

Source: Section 645G.350 — Exchange funds to be kept separate., https://www.­leg.­state.­nv.­us/NRS/NRS-645G.­html#NRS645GSec350.

Last Updated

Jun. 24, 2021

§ 645G.350’s source at nv​.us