54B-140. Savings promotion raffles.
A savings and loan association 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 savings and loan association. A savings and loan association 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 savings and loan association. (2019-173, s. 2(c).)
Structure North Carolina General Statutes
North Carolina General Statutes
Chapter 54B - Savings and Loan Associations
Article 6 - Withdrawable Accounts.
§ 54B-121 - Creation of withdrawable accounts.
§ 54B-122 - Additional requirements.
§ 54B-123 - Dividends on withdrawable accounts.
§ 54B-124 - Withdrawals from withdrawable accounts.
§ 54B-125 - Emergency limitations.
§ 54B-126 - Forced retirement of withdrawable accounts.
§ 54B-127 - Negotiable orders of withdrawal.
§ 54B-128 - Option on nonnegotiable orders of withdrawal.
§ 54B-130.1 - Payable on Death (POD) accounts.
§ 54B-131 - Right of setoff on withdrawable accounts.
§ 54B-132 - Minors as withdrawable account holders; safe deposit box lessees.
§ 54B-133 - Withdrawable accounts as deposit of securities.
§ 54B-134 - New account books.
§ 54B-135 - Transfer of withdrawable accounts.
§ 54B-136 - Authority of power of attorney.