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2019 Code of Alabama
Title 5 - Banks and Financial Institutions.
Chapter 27 - Savings Promotion Contest
Section 5-27-5 - (Effective January 1, 2018) Construction; limitation on prizes or awards.
Universal Citation: AL Code § 5-27-5 (2019)
Section 5-27-5(Effective January 1, 2018) Construction; limitation on prizes or awards.
A savings promotion contest offered pursuant to this chapter does not constitute gambling or the promotion of gambling or a lottery or raffle pursuant to Section 65 of the Constitution of Alabama of 1901. No prize or award shall exceed twelve thousand five hundred dollars ($12,500).
(Act 2017-406, §5.)
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