Acceptance of Contributions

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Sec. 11. An industry collaboration organization may accept a contribution of stock for purposes of this chapter. If an industry collaboration organization accepts stock as a contribution for purposes of this chapter, the industry collaboration organization must sell the stock and deposit the proceeds of the sale in the account described in section 9(2) of this chapter not later than ten (10) days after the date of the contribution of the stock.

As added by P.L.143-2019, SEC.29.


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