54C-180. Savings promotion raffles.
A savings 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 savings bank. A savings 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 savings bank. (2019-173, s. 2(d).)
Structure North Carolina General Statutes
North Carolina General Statutes
§ 54C-161 - Generally accepted accounting principles.
§ 54C-163 - Net worth requirement.
§ 54C-166.1 - Payable on Death (POD) accounts.
§ 54C-167 - Personal agency accounts.
§ 54C-168 - Collection of processing fee for returned checks.
§ 54C-169 - Right of setoff on deposit accounts.
§ 54C-170 - Minors as deposit account holders.
§ 54C-171 - Deposit accounts as deposit of securities.
§ 54C-172 - New account books.
§ 54C-173 - Transfer of deposit accounts.
§ 54C-174 - Authority of power of attorney.
§ 54C-175 - Days and hours of operation.
§ 54C-176 - Power to borrow money.
§ 54C-177 - Authority to join federal reserve bank.
§ 54C-178 - Regional reciprocal acquisitions.