N.J. Admin. Code § 17:20-6.1

Current through Register Vol. 56, No. 21, November 4, 2024

Section 17:20-6.1 - Distribution of tickets; conduct of business

(a) An agent may delegate authority to an employee regarding transactions with the Lottery or distribution network. However, the agent shall remain, at all times, liable to the Lottery regardless of what the agent's delegate may do or fail to do.

(b) The Director may issue an identification card to any agent which, if issued, must be displayed whenever the agent transacts business with the Lottery contracted vendor.

(c) The agent accepts all tickets in trust for the Lottery. Tickets in the hands of an agent are the agent's sole responsibility and it is the agent's sole duty as a fiduciary of the Lottery either to return the tickets to the Lottery within the specified time or to remit the face value of the tickets to the Lottery, less any commissions, bonuses and reimbursements for redeemed tickets to which the agent is entitled. Tickets shall remain the property of the Lottery. The agent understands that this is an express trust relationship between the Lottery and the agent with respect to tickets and sale proceeds and any failure to remit the face value of the tickets to the Lottery, less any commissions, bonuses and reimbursements for redeemed tickets to which the agent is entitled, will be considered a fraud or defalcation by a fiduciary.

N.J. Admin. Code § 17:20-6.1

Amended by 50 N.J.R. 1826(b), effective 8/6/2018