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2021 North Carolina General Statutes
Chapter 54C - Savings Banks
Article 8 - Operations.
§ 54C-180 - Savings promotion raffles.
Universal Citation: NC Gen Stat § 54C-180 (2021)
54C-180. Savings promotion raffles.
A savings 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 savings bank. A savings 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 savings bank.
(2019-173, s. 2(d).)
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