New Jersey Administrative Code
Title 13 - LAW AND PUBLIC SAFETY
Chapter 48 - CHARITABLE FUND RAISING
Subchapter 11 - FUND RAISING PRACTICES
Section 13:48-11.1 - Fund raising counsel and independent paid fund raiser; deposit of funds
Universal Citation: NJ Admin Code 13:48-11.1
Current through Register Vol. 56, No. 18, September 16, 2024
(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.
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