2011
Regular Session
Credit unions; authorize to conduct savings promotion raffles.
AN ACT TO AMEND SECTION 81-13-11, MISSISSIPPI CODE OF 1972, TO AUTHORIZE CREDIT UNIONS TO CONDUCT SAVINGS PROMOTION RAFFLES; TO DEFINE "SAVINGS PROMOTION RAFFLE" AS A RAFFLE CONDUCTED BY A CREDIT UNION WHERE THE SOLE CONSIDERATION REQUIRED FOR A CHANCE OF WINNING DESIGNATED PRIZES IS THE DEPOSIT OF AT LEAST A SPECIFIED AMOUNT OF MONEY IN A SAVINGS ACCOUNT OR OTHER SAVINGS PROGRAM OFFERED BY THE CREDIT UNION; TO PROVIDE THAT THE CREDIT UNION SHALL CONDUCT A SAVINGS PROMOTION RAFFLE SO THAT EACH TOKEN OR TICKET REPRESENTING AN ENTRY IN THE RAFFLE HAS AN EQUAL CHANCE OF BEING DRAWN; TO PROVIDE THAT A CREDIT UNION SHALL NOT CONDUCT A SAVINGS PROMOTION RAFFLE IN A MANNER THAT JEOPARDIZES THE CREDIT UNION'S SAFETY AND SOUNDNESS OR MISLEADS ITS MEMBERS; TO AUTHORIZE THE COMMISSIONER OF BANKING TO EXAMINE THE CONDUCT OF A SAVINGS PROMOTION RAFFLE, AND TO ISSUE CEASE AND DESIST ORDERS FOR VIOLATIONS OF THIS ACT; TO AMEND SECTIONS 97-33-31 THROUGH 97-33-49, MISSISSIPPI CODE OF 1972, TO EXEMPT SAVINGS PROMOTION RAFFLES CONDUCTED BY CREDIT UNIONS FROM THE CRIMINAL PROHIBITIONS AGAINST LOTTERIES AND RAFFLES; AND FOR RELATED PURPOSES.
02/01/11 at 16:53
H
B
1361
House Bill 1361
HB 1361
H
Dead
General Bill/Constitutional Amendment
No
Majority
July 1, 2011
Banking and Financial Services
T
../../House_cmtes/BB.xml
Gaming
F
../../House_cmtes/GA.xml
Hines
../../House_authors/Hines.xml
A
../../code_sections/081/00130011.xml
A
../../code_sections/097/00330031.xml
A
../../code_sections/097/00330033.xml
A
../../code_sections/097/00330035.xml
A
../../code_sections/097/00330037.xml
A
../../code_sections/097/00330039.xml
A
../../code_sections/097/00330041.xml
A
../../code_sections/097/00330043.xml
A
../../code_sections/097/00330045.xml
A
../../code_sections/097/00330047.xml
A
../../code_sections/097/00330049.xml
1
01/17 (H) Referred To Banking and Financial Services;Gaming
2
02/01 (H) Died In Committee
../../../../documents/2011/pdf/HB/1300-1399/HB1361IN.pdf
../../../../documents/2011/html/HB/1300-1399/HB1361IN.htm
../../../../documents/2011/pdf/HB/1300-1399/HB1361IN.pdf
../../../../documents/2011/html/HB/1300-1399/HB1361IN.htm