45:17A-29 Written contract from commercial co-venturer.
12. a. Every charitable organization which permits a charitable sales promotion to be conducted on its behalf shall obtain a written contract from the commercial co-venturer and shall file a copy of the agreement with the Attorney General at least 10 business days prior to the initiation of that charitable sales promotion. All parties to the contract shall be subject to the provisions of P.L.1994, c.16 (C.45:17A-18 et seq.) and any rules adopted pursuant thereto. Every contract shall contain a provision clearly and conspicuously stating that the parties are subject to this act and any rules adopted pursuant thereto.
b.A charitable organization shall file in writing on forms prescribed by the Attorney General the following information at the conclusion of the charitable sales promotion:
(1)A certification from an officer or principal of the commercial co-venturer attesting to the gross amount of income received by the commercial co-venturer attributable to the charitable sales promotion, solicitation or venture undertaken;
(2)The amount of money or other contribution remitted to the organization covering each event or portion of an extended charitable sales promotion;
(3)A copy of each advertisement, publication, solicitation or other material used as part of the charitable sales promotion to directly or indirectly induce a contribution; and
(4)Any other information as may be required by rules adopted by the Attorney General.
c.All filings pursuant to this section shall be accompanied by a fee prescribed pursuant to the provisions of this act.
d.The commercial co-venturer shall disclose in each advertisement for the charitable sales promotion the dollar amount or percent per unit of goods or services purchased or used that will benefit the charitable organization or purpose. If the actual dollar amount or percent cannot reasonably be determined prior to the final date of the charitable sales promotion, the commercial co-venturer shall disclose an estimated dollar amount or percent. Any such estimate shall be reasonable and shall be based upon all of the relevant facts known to the commercial co-venturer and the charitable organization regarding the charitable sales promotion.
L.1994,c.16,s.12; amended 2005, c,283, s,8.
Section: Previous 45-17a-22 45-17a-23 45-17a-24 45-17a-25 45-17a-26 45-17a-27 45-17a-28 45-17a-29 45-17a-30 45-17a-30.1 45-17a-31 45-17a-32 45-17a-33 45-17a-34 45-17a-35 Next
Last modified: October 11, 2016