Verifiable retail value, defined.

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86-223. Verifiable retail value, defined.

Verifiable retail value means the price (1) at which the solicitor or sponsor can demonstrate that a substantial number of prizes have been sold within the prior twelve months by a person other than the solicitor in the trade area in which the prize notice is given or (2) no more than one and one-half times the amount the solicitor or sponsor paid for the prize.

Source

  • Laws 2002, LB 1105, § 85.


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