Illinois Statutes
§ 5g — Savings promotion raffle
Illinois § 5g
This text of Illinois § 5g (Savings promotion raffle) is published on Counsel Stack Legal Research, covering Illinois primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
205 Ill. Comp. Stat. 5g (2026).
Text
(a)As used in this Section, "savings promotion raffle" has the same meaning as that term is given in Section 20 of the Federal Deposit Insurance Act (12 U.S.C. 1829a).
(b)If authorized by its board of directors, a State bank may conduct a savings promotion raffle. The savings promotion raffle shall be conducted so that each token or ticket representing an entry in the savings promotion raffle has an equal chance of being drawn. A State bank shall not conduct a savings promotion raffle in a manner that jeopardizes the State bank's safety and soundness or misleads its customers.
(c)The Secretary may examine the conduct of a savings promotion raffle and may issue a cease and desist order for a violation of this Section.
(d)A State bank shall maintain records sufficient to facilitate an au
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Related
§ 1829a
12 U.S.C. § 1829a
Legislative History
(Source: P.A. 99-149, eff. 1-1-16 .)
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Bluebook (online)
Illinois § 5g, Counsel Stack Legal Research, https://law.counselstack.com/statute/il/205/5g.