598.880 - Limits on contracts for membership. - Nevada Statutes

598.880  Limits on contracts for membership.  A contract for membership in an organization must not:

      1.  Require payments or financing by the buyer for more than 2 years from the date the contract was executed; or

      2.  Deny a third party the right to assert a cause of action or defense which the buyer has against the organization.

      (Added to NRS by 1985, 963)