Colorado § 24-21-627 - Common members - bingo-raffle licensees - definition.
Full text of Colorado Colorado Revised Statutes § 24-21-627 — Common members - bingo-raffle licensees - definition., with citation guidance and answers to common questions.
§ 24-21-627. Common members - bingo-raffle licensees - definition.
(1) For the purposes of this section, "bingo-raffle licensee affiliate" means the following:
(a) A person that directly or indirectly through one or more intermediaries controls, is controlled by, or is under common control with, a bingo-raffle licensee specified; or
(b) A person that has an officer, director, member, manager, partner, games manager, salaried employee, or immediate family member in common with a bingo-raffle licensee.
(2) Proceeds from a bingo or raffle game that are transferred from a bingo-raffle licensee to a bingo-raffle licensee's affiliate shall not be used to pay the salary, remuneration, or expenses of any officer, director, member, manager, partner, games manager, or employee of such affiliate. The donee entity or organization shall deposit all such transferred proceeds in a segregated account that contains only such donations, and the transferred proceeds shall not be commingled with other funds of the donee entity or organization. The licensing authority and its agents may examine or cause to be examined the books and records of any donee entity or organization insofar as they may relate to account or to any transactions connected with bingo or raffle proceeds.
Source: L. 2017: Entire part added with relocations, (SB 17-232), ch. 233, p. 940, § 2, effective May 23.
Editor's note: This section is similar to former § 12-9-112.5 as it existed prior to 2017.
Source: official Colorado text · Last verified 2026-08-27
Frequently Asked Questions About Colorado § 24-21-627
What does Colorado Revised Statutes § 24-21-627 cover?
Section 24-21-627 ("Common members - bingo-raffle licensees - definition.") is part of the Colorado Revised Statutes, the codified statutory law of Colorado. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Colorado § 24-21-627?
A common citation format is "Colorado Revised Statutes § 24-21-627" (Colorado). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Colorado law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Colorado official source linked on this page or consult a licensed Colorado attorney.
How does Colorado § 24-21-627 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Colorado can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Colorado.