Source: https://www.law.cornell.edu/cfr/text/11/114.6
Timestamp: 2017-08-23 19:55:09
Document Index: 646044909

Matched Legal Cases: ['art 114', '§ 114', '§ 114', 'art 102', '§ 103', 'art 114']

11 CFR 114.6 - Twice yearly solicitations. | US Law | LII / Legal Information Institute
CFR › Title 11 › Chapter I › Subchapter A › Part 114 › Section 114.6
11 CFR 114.6 - Twice yearly solicitations.
(a) A corporation and/or its separate segregated fund may make a total of two written solicitations for contributions to its separate segregated fund per calendar year of its employees other than stockholders, executive or administrative personnel, and their families. Employees as used in this section does not include former or retired employees who are notstockholders. Nothing in this paragraph shall limit the number of solicitations a corporation may make of its stockholders and executive or administrative personnel under § 114.5(g).
(b) A labor organization and/or its separate segregated fund may make a total of two written solicitations per calendar year of employees who are notmembers of the labor organization, executive or administrative personnel, or stockholders (and their families) of a corporation in which the labor organization represents members working for the corporation. Nothing in this paragraph shall limit the number of solicitations a labor organization may make of its members under § 114.5(g).
(c)Written solicitation. A solicitation under this section may be made only by mail addressed to stockholders, executive or administrative personnel, or employees at their residences. All written solicitations must inform the recipient -
(d)The custodial arrangement. In order to maintain the anonymity of persons who do not wish to contribute and of persons who wish to respond with a single contribution of $50 or less, or multiple contributions aggregating $200 or less in a calendar year, and to satisfy the recordkeeping provisions, the corporation, labor organization, or separate segregated fund of either shall establish a custodial arrangement for collecting the contributions under this section.
(2) The custodian shall keep the records of contributions received in accordance with the requirements of part 102 and shall also -
(iv) Treat all funds which appear to be illegal in accordance with the provisions of § 103.3(b).
(3) The custodian shall not -
(e)Availability of methods.
(1) A corporation or labor organization or the separate segregated fund of either may not use a payroll deduction plan, a check-off system, or other plan which deducts contributions from an employee's paycheck as a method of facilitating the making of contributions under this section.
The following are ALL rules, proposed rules, and notices (chronologically) published in the Federal Register relating to 11 CFR Part 114 after this date.
11 CFR 114.8 — Trade Associations.
11 CFR 114.5 — Separate Segregated Funds.