Bill Summaries: S261 NONPROFIT CHARITABLE ACTIVITY AUTH. ACT.

Tracking:
  • Summary date: Mar 14 2019 - More information

    Enacts GS 14-309.16, authorizing participation in pool selling where all monies paid by participants are paid out to either the winning participants based on the result of the pool and/or to a nonprofit organization. Defines pool selling to mean the act of selling or distributing shares or changes in a betting pool. Restricts the use of monies paid out to a nonprofit to benefit the purpose or cause for which the nonprofit was created. 


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