Nev. Rev. Stat. § 598.865
Administration of trust accounts; audits
Nevada · Nevada Revised Statutes Chapter 598 — Deceptive Trade Practices · Status: effective
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- Nev. Rev. Stat. § 598.865, Administration of trust accounts; audits, Nevada, version 1 as recorded 2026-10-03, yourstate.us, https://yourstate.us/provision/2133155
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Full text
1. Except as otherwise provided in subsection 3 of NRS 598.855, the trust accounts required by NRS 598.855 and 598.860 must be administered by an independent trustee approved by the Commissioner. All fees charged by the trustee to administer a trust account must be paid by the organization.
2. The trustee shall withdraw money from the trust account for payments on goods or services only upon written proof from the source of the goods or services that the items have been shipped or delivered to the buyer. The Commissioner may audit the trustee as necessary to ensure compliance with NRS 598.840 to 598.930, inclusive.