57-55.2:1 - Solicitations by for-profit organizations - Virginia Statutes

§ 57-55.2:1. Solicitations by for-profit organizations.

A. Every solicitor for an organization which is for-profit which solicitscontributions from a prospective contributor in the Commonwealth shalldisclose that the organization is not exempt from taxation under § 501 (c) ofthe Internal Revenue Code.

B. For every contribution received for five dollars or more, a for-profitorganization shall, within thirty days following receipt, send a writtenstatement to such contributor disclosing that the organization is not exemptfrom taxation under § 501 (c) of the Internal Revenue Code.

(1993, c. 240.)