New Jersey § 5:8-51.3 Conduct of raffles by student loan funds, permitted

New Jersey Statutes

§ 5:8-51.3 — Conduct of raffles by student loan funds, permitted

New Jersey § 5:8-51.3

Title 5AMUSEMENTS, PUBLIC EXHIBITIONS AND MEETINGS

This text of New Jersey § 5:8-51.3 (Conduct of raffles by student loan funds, permitted) is published on Counsel Stack Legal Research, covering New Jersey primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.J. Stat. Ann. § 5:8-51.3 (2026).

Text

1.A nonprofit corporation organized under the laws of this State for the sole purpose of making loans to students from a single New Jersey school district to defray the costs of post-secondary education shall be deemed to be a bona fide educational organization which is eligible to conduct raffles and the net proceeds of such raffles shall be deemed to be devoted to educational uses. L.1996,c.159,s.1.

Free access — add to your briefcase to read the full text and ask questions with AI

1. A nonprofit corporation organized under the laws of this State for the sole purpose of making loans to students from a single New Jersey school district to defray the costs of post-secondary education shall be deemed to be a bona fide educational organization which is eligible to conduct raffles and the net proceeds of such raffles shall be deemed to be devoted to educational uses. L.1996,c.159,s.1.