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).
Structure Code of Alabama
Title 5 - Banks and Financial Institutions.
Chapter 27 - Savings Promotion Contest
Section 5-27-1 - (Effective January 1, 2018) Legislative Findings.
Section 5-27-2 - (Effective January 1, 2018) Definitions.
Section 5-27-3 - (Effective January 1, 2018) Savings Promotion Contest Authorized; Conditions.
Section 5-27-4 - (Effective January 1, 2018) Oversight.
Section 5-27-5 - (Effective January 1, 2018) Construction; Limitation on Prizes or Awards.