79-11-525 - Fiduciary responsibility of person soliciting, collecting, or expending contributions. - Mississippi Statutes

§ 79-11-525. Fiduciary responsibility of person soliciting, collecting, or expending contributions.
 

Every person who solicits, collects or expends contributions on behalf of a charitable organization or for a charitable purpose, or who conducts a charitable sales promotion, and every officer, director, trustee or employee of that person who is concerned with the solicitation, collection or expenditure of those contributions shall be considered a fiduciary and as acting in a fiduciary capacity. This section does not supersede or otherwise alter the standard of care or the limitations on the liability of volunteers. 
 

Sources: Laws,  1991, ch. 515, § 13; reenacted and amended, 1992, ch. 446, § 13; Laws,  1997, ch. 444, § 15, eff from and after July 1, 1997.