Rhode Island § 42-61-6 § 42-61-6. Proceeds of sales — Segregated funds.

Rhode Island Statutes

§ 42-61-6 — § 42-61-6. Proceeds of sales — Segregated funds.

Rhode Island·Title 42 State Affairs and Government·Ch. 42-61 State Lottery

§ 42-61-6. Proceeds of sales — Segregated funds.
(a) All proceeds from the sale of lottery tickets or shares received by a person in the
            capacity of a sales agent shall constitute a trust fund until paid into the state
            lottery fund.
         
(b) The sales agent shall be personally liable for all proceeds; and failure to pay the
            lottery division moneys owed, upon demand, from the sales or misappropriation of the
            funds shall constitute embezzlement under § 11-41-3.
         
(c) The provisions of this section shall be enforced and prosecuted by the state police
            and the attorney ge

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§ 42-61-6. Proceeds of sales — Segregated funds.

(a) All proceeds from the sale of lottery tickets or shares received by a person in the capacity of a sales agent shall constitute a trust fund until paid into the state lottery fund.

(b) The sales agent shall be personally liable for all proceeds; and failure to pay the lottery division moneys owed, upon demand, from the sales or misappropriation of the funds shall constitute embezzlement under § 11-41-3.

(c) The provisions of this section shall be enforced and prosecuted by the state police and the attorney general's office.

Rhode Island § 42-61-6 (§ 42-61-6. Proceeds of sales — Segregated funds.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.