Tennessee Code 47-25-806 – Promoter to provide sponsor with distribution information and proceeds
Current as of: 2024 | Check for updates
|
Other versions
Terms Used In Tennessee Code 47-25-806
- Coupon: includes "coupon book. See Tennessee Code 47-25-802
- Promoter: means any person, and any agent or representative of such person, engaged in the sale or offering or solicitation for sale of coupons. See Tennessee Code 47-25-802
- Sponsor: means any person represented as being obligated to provide goods, services, or discount privileges to the purchaser or holder of a coupon. See Tennessee Code 47-25-802
Within ten (10) days after the promotion ending date or ten (10) days after all coupons have been sold or otherwise distributed, whichever occurs first, the promoter shall inform the sponsor in writing of the total number of coupons sold or distributed, and remit all funds owed to the sponsor from coupon sales under the terms of their agreement.