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

VA Code § 57-55.2:1 (2019) (N/A)
Copy with citation
Copy as parenthetical citation

A. Every solicitor for an organization which is for-profit which solicits contributions from a prospective contributor in the Commonwealth shall disclose that the organization is not exempt from taxation under § 501(c) of the Internal Revenue Code.

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

1993, c. 240.