Nevada § 598.860 - Trust account required for payments on goods and services
Full text of Nevada Nevada Revised Statutes § 598.860 — Trust account required for payments on goods and services, with citation guidance and answers to common questions.
§ 598.860. Trust account required for payments on goods and services
1. Before the organization accepts money from any buyer for an order of goods or services,
it shall establish a trust account for the deposit of payments on goods or services.
The organization shall deposit all money received from each buyer for goods or services,
including charges for freight, delivery, installation or taxes or other charges, unless
the total cost is $50 or less in the trust account. The trust account must be for the benefit of buyers who order goods or services from
the organization. 2. The trustee may withdraw money from the trust account for payments on goods or
services to pay the source of the goods or services ordered by the buyer, or to make
a refund to the buyer. After such withdrawal, the trustee may withdraw that percentage of the remainder of
the deposit from the buyer which represents the organization's profit.
Source: official Nevada text · Last verified 2026-08-27
Frequently Asked Questions About Nevada § 598.860
What does Nevada Revised Statutes § 598.860 cover?
Section 598.860 ("Trust account required for payments on goods and services") is part of the Nevada Revised Statutes, the codified statutory law of Nevada. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Nevada § 598.860?
A common citation format is "Nevada Revised Statutes § 598.860" (Nevada). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Nevada law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Nevada official source linked on this page or consult a licensed Nevada attorney.
How does Nevada § 598.860 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Nevada can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Nevada.