State Codes and Statutes

Statutes > Nevada > Title-54 > Chapter-645g > Money-received-by-licensee-fidelity-bonds-and-insurance > 645g-360

645G.360  Exchange funds not subject to execution or attachment; commingling prohibited.

      1.  Exchange funds are not subject to execution or attachment on any claim against the licensee.

      2.  A licensee shall not knowingly keep or cause to be kept any money in any bank, credit union or other financial institution under any name designating the money as belonging to the clients of any licensee, unless the money belongs to the client and was actually entrusted to the licensee by the client.

      (Added to NRS by 2007, 3108)

State Codes and Statutes

Statutes > Nevada > Title-54 > Chapter-645g > Money-received-by-licensee-fidelity-bonds-and-insurance > 645g-360

645G.360  Exchange funds not subject to execution or attachment; commingling prohibited.

      1.  Exchange funds are not subject to execution or attachment on any claim against the licensee.

      2.  A licensee shall not knowingly keep or cause to be kept any money in any bank, credit union or other financial institution under any name designating the money as belonging to the clients of any licensee, unless the money belongs to the client and was actually entrusted to the licensee by the client.

      (Added to NRS by 2007, 3108)


State Codes and Statutes

State Codes and Statutes

Statutes > Nevada > Title-54 > Chapter-645g > Money-received-by-licensee-fidelity-bonds-and-insurance > 645g-360

645G.360  Exchange funds not subject to execution or attachment; commingling prohibited.

      1.  Exchange funds are not subject to execution or attachment on any claim against the licensee.

      2.  A licensee shall not knowingly keep or cause to be kept any money in any bank, credit union or other financial institution under any name designating the money as belonging to the clients of any licensee, unless the money belongs to the client and was actually entrusted to the licensee by the client.

      (Added to NRS by 2007, 3108)