NAC353B.725. Effect of joint decisions and interpretations by Board and Program Manager; claims and appeals by account owners; determination of Board on appeal.

All joint decisions and interpretations by the Board and the Program Manager in connection with the operation of the Program are final and binding upon the account owner and the designated beneficiary and all other persons affected thereby. Any claim by an account owner against the State of Nevada, the Board, the Program or any of their respective affiliates, officers, employees or agents pursuant to the participation agreement or the Program must be made solely against the assets of the Program. An account owner who has had a substantial interest affected by a decision of the Board may appeal to the Board in writing. The Board will review the documentation and other submissions and issue a written determination within 60 days after receiving the appeal. The determination of the Board on an appeal is final.

     (Added to NAC by St. Treasurer by R185-01, eff. 4-5-2002)