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Statutes Text

Article - Business Regulation


    The Secretary of State may exempt from the requirement of a registration statement or annual report a charitable organization that:

        (1)    is organized under the laws of another state that has a statute substantially similar to this title;

        (2)    has been exempted from the submission of a registration statement by that other state;

        (3)    has its principal place of business outside this State; and

        (4)    gets its money principally from sources outside this State.

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