Alabama Statutes

§ 5-27-5 — Construction; Limitation on Prizes or Awards

Alabama·Title 5 Banks and Financial Institutions·Ch. 27 Savings Promotion Contest

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).

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Legislative History

(Act 2017-406, §5.)

Nearby Sections

15

§ 5-10A-1

Authorization or Direction of Banks to Postpone Paying Liabilities, Segregate Deposits and Assets, Renew Loans, Etc

§ 5-10A-10

Segregation of Assets - Commingling of Items in Classes of Deposits

§ 5-10A-11

Segregation of Assets - Adjustments; Identification of Segregated Items

§ 5-10A-12

Discharge of Deposits of Script, Clearinghouse Certificates or Emergency Currency

§ 5-10A-13

Issuance and Reissuance of Script, Clearinghouse Certificates or Emergency Currency

§ 5-10A-14

Issuance of Notes or Certificates of Indebtedness as Evidence of Compensation for Services or Labor During Banking Emergency

§ 5-10A-15

Authorization and Approval of Reorganization of Bank Without Receivership Liquidation

§ 5-10A-16

Compliance with Chapter, Federal Laws, Etc., Not to Entail Liability

§ 5-10A-17

Officers Not to Incur Liability or Penalties for Compliance with Orders of Superintendent, Federal Laws, Etc

§ 5-10A-2

Promulgation of Rules and Regulations; Requirements of Reports, Etc., Generally

§ 5-10A-3

Declaration of Banking Holidays; Promulgation of Emergency Rules or Regulations

§ 5-10A-4

Extension, Etc., of Banking Holiday or Emergency Rules or Regulations

§ 5-10A-5

Sections 5-10A-1 through 5-10A-4 Applicable Only in Emergencies; Duration of Emergency Action

§ 5-10A-6

Operation of Banks Under Federal Laws

§ 5-10A-7

Payment of Expenses of Bank Operating Without Receivership Liquidation

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