Tex. Business & Commerce Code § 303.103

This is the official text of Tex. Business & Commerce Code § 303.103, part of Texas’s Business & Commerce Code — governs commercial transactions and general business practices.

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§ 303.103. NOTICE OF DISPOSITION OF MONEY.

Official statutory text

(a) If less than 90 percent of the contributions collected by a law enforcement-related charitable organization or commercial telephone solicitor are paid to a law enforcement-related charitable organization, the commercial telephone solicitor shall notify each person solicited by telephone, before accepting a contribution from the person, of:

(1) the percentage of the contributions that will be paid to the organization for which the contributions are being solicited; and

(2) the percentage of the contributions that the solicitor will retain.

(b) Information required to be disclosed under Subsection (a) shall also be included on any written statement mailed to the contributor.

Status: in_force · Read it on the official government site

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