California Welfare and Institutions Code

§ 148.2

WIC § 148.2 Effective Jan 1, 2021Div. 1 · Ch. 1.8

Statute text

Any organization qualified under Section 148.3 to solicit donations of salvageable personal property, or to sell salvageable personal property obtained by soliciting, shall: (a) maintain separate bank accounts and separate books and records for such solicitations or sales, and shall not commingle any proceeds of such solicitations or sales with any other assets; and (b) fully comply with the provisions of the Supervision of Trustees and Fundraisers for Charitable Purposes Act (Article 7 of Chapter 6 (commencing with Section 12580) of the Government Code).

Legislative history

Amended by Stats. 2020, Ch. 370, Sec. 269. (SB 1371) Effective January 1, 2021.