Cal. Code Regs. tit. 11 § 323
When persons engaging in peer-to-peer charitable fundraising are sent donated funds from a charitable fundraising platform or platform charity that engages in solicitation type B, these persons shall not divert or misuse the donated funds, and shall send the donated funds to the recipient charitable organization referenced in solicitations no later than 10 business days after receipt. Persons engaging in peer-to-peer charitable fundraising that fail to send donated funds to the recipient charitable organization no later than 10 days after receipt are required to register as trustees with the Attorney General pursuant to Government Code section 12585.
Cal. Code Regs. Tit. 11, § 323
Note: Authority cited: Sections 12587 and 12599.10, Government Code. Reference: Sections 12581, 12582, 12598, 12599.6 and 12599.9, Government Code.