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.

645G.300
Client’s money and property: Fiduciary duty of licensee. 645G.310
Money held for client: Written approval required for withdrawal. 645G.320
Fidelity bond or deposit. 645G.330
Insurance: Maintenance of policy 645G.340
Written notice of cancellation or withdrawal of bond, insurance or other security 645G.350
Exchange funds to be kept separate. 645G.360
Exchange funds not subject to execution or attachment

Last Updated

Jun. 24, 2021

§ 645G.350’s source at nv.us

Stay Connected

Join thousands of people who receive monthly site updates.

Get Legal Help

The State Bar of Nevada runs a service for finding an attorney in good standing. Initial consultations are usually free or discounted: Lawyer Referral Service

Committed to Public Service

We will always provide free access to the current law. In addition, we provide special support for non-profit, educational, and government users. Through social entrepreneurship, we’re lowering the cost of legal services and increasing citizen access.

Navigate

California:	Codes
Colorado:	C.R.S.
Nevada:	NRS
New York:	Laws
Oregon:	OAR, ORS
Texas:	Statutes
World:	Rome Statute, International Dictionary

Location: https://nevada.public.law/statutes/nrs_645g.350

Original Source: Section 645G.350 — Exchange funds to be kept separate., https://www.leg.state.nv.us/NRS/NRS-645G.html#NRS645GSec350 (last accessed Jun. 24, 2021).

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

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