§ 131F-18. Requirements of coventurers. - North Carolina Statutes

§131F‑18.  Requirements of coventurers.

(a)        Written Consent. –Prior to the commencement of any charitable sales promotion or sponsor salespromotion in this State conducted by a coventurer on behalf of a charitableorganization or sponsor, the coventurer shall obtain the written consent of thecharitable organization or sponsor whose name will be used during thecharitable sales promotion or sponsor sales promotion.

(b)        Rules. – TheDepartment may adopt rules requiring disclosure in advertising for a charitablesales promotion or sponsor sales promotion of information relating to theportion or amount that will benefit the charitable organization or sponsor orthe charitable purpose or sponsor purpose.

(c)        Final Accounting. –A final accounting for each charitable sales promotion or sponsor salespromotion shall be prepared by the coventurer following completion. The finalaccounting shall be provided to the charitable organization or sponsor on whosebehalf the sales promotion was conducted within 10 days after a request by thecharitable organization or sponsor. The final accounting shall be kept by thecoventurer for a period of three years, unless the coventurer and thecharitable organization or sponsor mutually agree that the accounting should bekept by the charitable organization or sponsor instead of the coventurer. Acopy of the final accounting shall be provided to the Department no later than10 days after the Department requests it. (1993 (Reg. Sess., 1994), c.759, s. 2.)