Oklahoma § 6-908 Banks and credit unions authorized to offer savings

Oklahoma Statutes

§ 6-908 — Banks and credit unions authorized to offer savings

Oklahoma·Title 6 Banks And Trust Companies

promotion raffles.

A.As used in this section, the term "savings promotion raffle" means a contest in which the sole consideration required for a chance of winning designated prizes is obtained by the deposit of a specified amount of money in a savings account or other savings program and each ticket or entry has an equal chance of being drawn, with such contest being subject to regulations that may from time to time be promulgated by the bank's or credit union's primary regulator.

B.Oklahoma banks and credit unions are authorized to offer savings promotion raffles.

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promotion raffles. A. As used in this section, the term "savings promotion raffle" means a contest in which the sole consideration required for a chance of winning designated prizes is obtained by the deposit of a specified amount of money in a savings account or other savings program and each ticket or entry has an equal chance of being drawn, with such contest being subject to regulations that may from time to time be promulgated by the bank's or credit union's primary regulator. B. Oklahoma banks and credit unions are authorized to offer savings promotion raffles.

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