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New Company Will Protect Planners’ Meeting Deposits

New Company Will Protect Planners’ Meeting Deposits

When planners pay deposits to hotels, meeting and incentive companies, destination management companies, and other meeting suppliers, they expect that their money is being used expressly for their programs. But in fact suppliers are not required to hold those deposits in trust—or even to keep them separate from other funds—during the period before their program actually operates.

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