NAC584.6071. Contract for sale or lease of property between distributor and wholesale customer.

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     1. A contract for the sale or lease of any personal or real property between a distributor and a wholesale customer must be in writing.

     2. The sale price or lease payment prescribed in such a contract must be an amount comparable to the fair market value or fair market rental, respectively, of the property at the time of the sale or lease.

     3. A distributor shall file with the Commission a copy of each such contract within 10 days after its execution, and shall retain the contract for not less than 3 years after the expiration of the lease or the payment of the purchase price.

[Dairy Comm’n, Stabiliza. & Mktg. Plan - ENMA Art. V § C, eff. 9-15-79]—(NAC A 8-26-96)

                    
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