2016 Indiana Code TITLE 24. TRADE REGULATION ARTICLE 8. PROMOTIONAL GIFTS AND CONTESTS CHAPTER 1. APPLICABILITY
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IC 24-8
ARTICLE
CONTESTS
8.
PROMOTIONAL
GIFTS
AND
IC 24-8-1
Chapter 1. Applicability
IC 24-8-1-1
Applicability of article
Sec. 1. (a) This article applies to a promotion offer made:
(1) by a person in Indiana; or
(2) to a person in Indiana.
(b) This article does not apply to a prize linked savings program
that:
(1) is offered or conducted by an eligible financial institution
under IC 28-1-23.2;
(2) is:
(A) offered or conducted by a credit union organized or
reorganized under United States law; and
(B) conducted in the same manner as a prize linked savings
program under IC 28-1-23.2; or
(3) is:
(A) offered or conducted by an insured depository institution
(as defined in 12 U.S.C. 1813) that is:
(i) a national bank formed under 12 U.S.C. 21;
(ii) a state member bank (as defined in 12 U.S.C. 1813);
(iii) a state nonmember bank (as defined in 12 U.S.C.
1813); or
(iv) a savings association (as defined in 12 U.S.C. 1813);
and
(B) conducted in the same manner as a prize linked savings
program under IC 28-1-23.2.
As added by P.L.233-1989, SEC.1. Amended by P.L.135-2014,
SEC.2; P.L.186-2015, SEC.28.
Indiana Code 2016
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