119B.260 - Approval of advertisement or offering. - Nevada Statutes

119B.260  Approval of advertisement or offering.

      1.  A membership must not be advertised or offered for sale within this state until the advertisement is approved by the Administrator.

      2.  Each application for the approval of advertising must:

      (a) Include the form and content of advertising to be used;

      (b) Include the nature of the offer of gifts or other free benefits to be extended; and

      (c) Be accompanied by a filing fee of not more than $200, to be established by the Administrator.

      3.  The Administrator shall render a decision upon an application for the approval of advertising or an offer for sale within 30 days after the date the application is filed.

      (Added to NRS by 1985, 1668; A 1993, 2297)