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§ 908. Banks and credit unions authorized to offer savings promotion raffles

Oklahoma Statutes AnnotatedTitle 6. Banks and Trust CompaniesEffective: November 1, 2021

Oklahoma Statutes Annotated
Title 6. Banks and Trust Companies (Refs & Annos)
Chapter 1. Oklahoma Banking Code
Article IX. Deposits and Collections--Notary Public--Protests
Effective: November 1, 2021
6 Okl.St.Ann. § 908
§ 908. Banks and credit unions authorized to offer savings promotion raffles
Currentness
A. As used in this section, the term “savings promotion raffle” means a contest in which the sole consideration required for a chance of winning designated prizes is obtained by the deposit of a specified amount of money in a savings account or other savings program and each ticket or entry has an equal chance of being drawn, with such contest being subject to regulations that may from time to time be promulgated by the bank's or credit union's primary regulator.
B. Oklahoma banks and credit unions are authorized to offer savings promotion raffles.

Credits

Laws 2021, c. 193, § 1, eff. Nov. 1, 2021.
6 Okl. St. Ann. § 908, OK ST T. 6 § 908
Current with emergency effective legislation through Chapter 257 of the Second Regular Session of the 59th Legislature (2024). Some sections may be more current, see credits for details.
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