Amends GS 14-309.15 to also allow banks, savings and loan associations, and savings banks to conduct savings promotion raffles pursuant to the specified statutes.
Enacts the following new sections concerning savings promotion raffles for the specified financial entities: GS 53C-6-20 (banks), GS 54B-140 (savings and loan associations), and GS 54C-180 (savings banks), providing that banks, savings and loan associations, and savings banks can offer savings promotion raffles wherein the sole consideration required for a chance to win the designated prizes is the deposit of a minimum specified amount of money in a savings account or other savings program. Requires the respective entities to maintain sufficient records to facilitate an audit of the promotion, conduct the raffle in a safe and sound manner, and fully disclose all terms and conditions of the promotion to account holders and prospective account holders.
ALLOW PRIZE-LINKED SAVINGS ACCOUNTS.
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View NCGA Bill Details | 2015-2016 Session |
AN ACT TO ALLOW BANKS TO CONDUCT SAVINGS PROMOTION RAFFLES.Intro. by Gunn, Ford.
Status: Re-ref Com On Banking (House Action) (Jun 27 2016)
Bill History:
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Wed, 18 Mar 2015 Senate: Filed
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Thu, 19 Mar 2015 Senate: Passed 1st Reading
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Thu, 19 Mar 2015 Senate: Ref To Com On Rules and Operations of the Senate
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Mon, 13 Apr 2015 Senate: Withdrawn From Com
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Mon, 13 Apr 2015 Senate: Re-ref Com On Commerce
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Tue, 21 Apr 2015 Senate: Reptd Fav
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Wed, 22 Apr 2015 Senate: Passed 2nd Reading
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Wed, 22 Apr 2015 Senate: Passed 3rd Reading
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Thu, 23 Apr 2015 Senate: Regular Message Sent To House
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Thu, 23 Apr 2015 House: Regular Message Received From Senate
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Mon, 27 Apr 2015 House: Passed 1st Reading
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Mon, 27 Jun 2016 House: Withdrawn From Com
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Mon, 27 Jun 2016 House: Re-ref Com On Banking
S 327
Bill Summaries:
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Bill S 327 (2015-2016)Summary date: Mar 18 2015 - View Summary
View: All Summaries for Bill