All contracts and agreements, existing or made in the future, which have any part of the consideration given for the right to participate in a pyramid promotional scheme or endless chain as defined in NRS 598.100 to 598.130, inclusive, are against public policy and voidable by a participant.
NRS 598.120
Contracts and agreements voidable by participant
Applied in 1 court decision — leading case Koscot Interplanetary, Inc. v. Draney (1974)
Most recently applied in Koscot Interplanetary, Inc. v. Draney (December 1974)
(Added to NRS by 1971, 666)
Official source: Nevada Legislature. Reproduced from public-domain Nevada statutes; confirm against the official source for the current text. Not legal advice.