A BILL TO BE ENTITLED
AN ACT to allow certain pool selling activity among persons and nonprofits.
The General Assembly of North Carolina enacts:
SECTION 1.  Part 2 of Article 37 of Chapter 14 of the General Statutes is amended by adding a new section to read:
"§ 14‑309.16.  Pool selling.
It is lawful for a person to participate in pool selling where all of the monies paid by the participants, as an entry fee or otherwise, are paid out to either the winning participants based on the result of the pool or to a nonprofit organization as described in G.S. 14‑309.6, or both. Any monies paid out to a nonprofit organization shall be used for the benefit of the purpose or cause for which the nonprofit organization was created. For the purposes of this section, "pool selling" is the act of selling or distributing shares or chances in a betting pool."
SECTION 2.  This act is effective when it becomes law.