§ 999.9.3. Disclosure and Restrictions on Use of Charitable Assets After Suspension or Revocati...
11 CA ADC § 999.9.3BARCLAYS OFFICIAL CALIFORNIA CODE OF REGULATIONS
Barclays Official California Code of Regulations Currentness
Title 11. Law
Division 1. Attorney General
Chapter 15. Attorney General Regulations Regarding Administrative Enforcement of the Supervision of Trustees and Fundraisers for Charitable Purposes Act
11 CCR § 999.9.3
§ 999.9.3. Disclosure and Restrictions on Use of Charitable Assets After Suspension or Revocation of Registration.
(a) Within 30 days of the revocation of a registration, the registrant shall provide an accounting of all charitable assets within the registrant's possession, custody or control for 180 days prior to the effective date of the order, unless the Attorney General specifies a different period of time in the order. The Attorney General may require the registrant to provide an accounting of all charitable assets received, held or distributed by the registrant for a period of up to 10 years before the effective date of the suspension or revocation.
(b) A registrant that has been suspended or revoked may not distribute or expend any charitable assets or assets subject to a charitable trust without the written approval of the Attorney General. Members of the board of directors or any person directly involved in distributing or expending charitable assets may be held personally liable in a civil action brought by the Attorney General for any charitable assets or assets subject to a charitable trust that are distributed or expended in violation of this regulation.
(c) The Attorney General may direct a registrant whose registration has been suspended or revoked to distribute some or all of its charitable assets or assets subject to a charitable trust to another charitable organization or into a blocked bank account.
Note: Authority cited: Sections 12581, 12584, 12585, 12586, 12587, 12598, 12599, 12599.1, 12599.2 and 12599.7, Government Code. Reference: Sections 11400 et seq., 11500 et seq. and 12596, Government Code.
1. New section filed 10-27-2015; operative 1-1-2016 (Register 2015, No. 44).
This database is current through 10/4/19 Register 2019, No. 40
11 CCR § 999.9.3, 11 CA ADC § 999.9.3
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