A national collegiate athletic association shall not:
1. Prevent an institution located in this state, its athletic conference or its student athletes, from athletic competition, free from sanctions, against other institutions, unless the minimum procedural standards required by NRS 398.155 to 398.255, inclusive, are observed.
2. Threaten with sanctions an institution that seeks redress under the provisions of NRS 398.155 to 398.255, inclusive.
3. Impair the rights or privileges of membership of any institution as a consequence of any rights granted under the provisions of NRS 398.155 to 398.255, inclusive.