New Jersey Administrative Code
Title 13 - LAW AND PUBLIC SAFETY
Chapter 47 - RULES OF LEGALIZED GAMES OF CHANCE
Subchapter 6 - GENERAL CONDUCT OF GAMES OF CHANCE
Section 13:47-6.2 - Member in charge of proceeds; separate bank account
Universal Citation: NJ Admin Code 13:47-6.2
Current through Register Vol. 56, No. 18, September 16, 2024
(a) The officers of a licensee shall designate an officer or member to be in full charge of, and responsible for, the proper utilization of the entire net proceeds of the games of chance in accordance with the law and the rules and regulations of this Chapter.
(b) Each registered organization shall establish, keep and maintain a bank account in a State or Federal chartered banking institution in which only the proceeds derived from the conduct of games of chance shall be deposited and from which only payments for authorized expenses and utilization of net proceeds for authorized purposes shall be made.
Disclaimer: These regulations may not be the most recent version. New Jersey may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
