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Current as of January 01, 2024 | Updated by Findlaw Staff
(a) If less than 90 percent of the contributions collected by a law enforcement-related charitable organization or commercial telephone solicitor are paid to a law enforcement-related charitable organization, the commercial telephone solicitor shall notify each person solicited by telephone, before accepting a contribution from the person, of:
(1) the percentage of the contributions that will be paid to the organization for which the contributions are being solicited; and
(2) the percentage of the contributions that the solicitor will retain.
(b) Information required to be disclosed under Subsection (a) shall also be included on any written statement mailed to the contributor.
Cite this article: FindLaw.com - Texas Business and Commerce Code - BUS & COM § 303.103. Notice of Disposition of Money - last updated January 01, 2024 | https://codes.findlaw.com/tx/business-and-commerce-code/bus-com-sect-303-103/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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