53C-6-20. Savings promotion raffles.
A bank may offer a savings promotion raffle in which the sole consideration required for a chance of winning designated prizes is the deposit of a minimum specified amount of money in a savings account or other savings program offered by the bank. A bank shall maintain records sufficient to facilitate an audit of the savings promotion raffle, shall conduct the savings promotion raffle in a safe and sound manner, and shall fully disclose the terms and conditions of the promotion to account holders and prospective account holders of the bank. (2019-173, s. 2(b).)
Structure North Carolina General Statutes
North Carolina General Statutes
Chapter 53C - Regulation of Banks
§ 53C-6-1 - Loans and extensions of credit.
§ 53C-6-3 - Securing deposits.
§ 53C-6-7 - Payable on Death accounts.
§ 53C-6-8 - Personal agency accounts.
§ 53C-6-9 - Accounts opened by adults for minors.
§ 53C-6-11 - Powers of attorney; notice of revocation; payment after notice.
§ 53C-6-12 - Account statements to be rendered annually or on request.
§ 53C-6-13 - Safe deposit boxes; unpaid rentals; procedure; escheats.
§ 53C-6-15 - Establishment of branches.
§ 53C-6-16 - Change of location of a branch or principal office.
§ 53C-6-18 - Non-branch bank business offices.