Nevada Revised Statutes

Nev. Rev. Stat. § 598.120 (2026)

Contracts and agreements voidable by participant

✓ current as of July 2026

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NRS 598.120 Contracts and agreements voidable by participant. 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.

(Added to NRS by 1971, 666)

Notes of Decisions

Cited in 1 case, 1974–1974 · leading case: Koscot Interplanetary, Inc. v. Draney, 530 P.2d 108 (Nev. 1974).

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Koscot Interplanetary, Inc. v. Draney, 530 P.2d 108 (Nev. 1974). · cites it 5× “The first cause of action alleged fraudulent misrepresentation, and the other, relying on NRS 598.120, sought to avoid and rescind their contracts with Koscot and a return of all consideration paid for the distributorships.”

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