N.C. Gen. Stat. § 53C-6-20

Current through Session Law 2024-58
Section 53C-6-20 - Savings promotion raffles

A bank may offer a savings promotion raffle in which the sole consideration required for a chance of winning designated prizes is the deposit of a minimum specified amount of money in a savings account or other savings program offered by the bank. A bank shall maintain records sufficient to facilitate an audit of the savings promotion raffle, shall conduct the savings promotion raffle in a safe and sound manner, and shall fully disclose the terms and conditions of the promotion to account holders and prospective account holders of the bank.

N.C. Gen. Stat. § 53C-6-20

Added by 2019 N.C. Sess. Laws 173,s. 2-b, eff. 12/1/2019.