Indiana § 35-45-5-13 Prize linked savings programs

Indiana Statutes

§ 35-45-5-13 — Prize linked savings programs

Indiana·Art. 45 OFFENSES AGAINST PUBLIC HEALTH, ORDER,·Ch. 5 Gambling

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.

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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.