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Texas Business & Commerce Code

§ 303.103 — NOTICE OF DISPOSITION OF MONEY

BC § 303.103Title 10. USE OF TELECOMMUNICATIONS · Part A. TELEPHONES · Ch. 303. TELEPHONE SOLICITATION FOR CERTAIN LAW ENFORCEMENT-RELATED CHARITABLE ORGANIZATIONS · Art. C. SOLICITATION PRACTICES

Statute text

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(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.

Legislative history

Added by Acts 2007, 80th Leg., R.S., Ch. 885 (H.B. 2278), Sec. 2.01, eff. April 1, 2009.

Source: Texas Business & Commerce Code § 303.103 from the Texas Constitution and Statutes (Texas Legislature) (public record). DecisionDepot is for informational use only and is not legal advice — verify against the official source before relying on this text.