N.J. Admin. Code § 13:48-11.1

Current through Register Vol. 56, No. 21, November 4, 2024

Section 13:48-11.1 - Fund raising counsel and independent paid fund raiser; deposit of funds

(a) A fund raising counsel or an independent paid fund raiser shall deposit or require the deposit of each contribution received pursuant to a solicitation, in its entirety and within five business days of its receipt, in an account at a bank or other Federally insured financial institution.

(b) The account shall be in the name of the charitable organization, and the charitable organization shall have the sole control of the account and all withdrawals.