§ 148.2
84 words·~1 min read·
/ca/welfare-and-institutions-code/148-2A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Any organization qualified under Section 148.3 to solicit donations of salvageable personal property, or to sell salvageable personal property obtained by soliciting, shall:
(a)maintain separate bank accounts and separate books and records for such solicitations or sales, and shall not commingle any proceeds of such solicitations or sales with any other assets; and
(b)fully comply with the provisions of the Supervision of Trustees and Fundraisers for Charitable Purposes Act (Article 7 of Chapter 6 (commencing with Section 12580) of the Government Code).