2017 Indiana Code
TITLE 35. Criminal Law and Procedure
ARTICLE 45. OFFENSES AGAINST PUBLIC HEALTH, ORDER, AND DECENCY
CHAPTER 5. Gambling
35-45-5-13. Prize linked savings programs

Universal Citation: IN Code § 35-45-5-13 (2017)
IC 35-45-5-13 Prize linked savings programs

     Sec. 13. This chapter 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.135-2014, SEC.5. Amended by P.L.186-2015, SEC.52.

 

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