Current through 82nd (2023) Legislative Session Chapter 535 and 34th (2023) Special Session Chapter 1 and 35th (2023) Special Session Chapter 1
Section 353B.155 - Duty of Board to promote and market use of Trust Fund and solicit certain opinions; authority to limit qualified beneficiaries1. The Board shall actively promote and market use of the Trust Fund.2. The Board shall, before it enters into a prepaid tuition contract with a purchaser, solicit the opinion of:(a) The Securities and Exchange Commission regarding the application of federal law regarding securities to the Trust Fund; or(b) An independent legal counsel to ensure that the method of structuring and offering the Trust Fund is in compliance with federal law regarding securities.3. The Board may: (a) Require a reasonable length of residence in the State to become a qualified beneficiary.(b) Restrict the number of qualified beneficiaries.Added to NRS by 1997, 3485; A 2001, 2166Added to NRS by 1997, 3485; A 2001, 2166