Section 750.315a - Savings promotion raffle.
THE MICHIGAN PENAL CODE (EXCERPT)
Act 328 of 1931
750.315a Savings promotion raffle.
Sec. 315a.
This chapter does not apply to a savings promotion raffle conducted by a domestic credit union pursuant to section 411 of the credit union act or to a savings promotion raffle conducted by a federally chartered credit union, a state or nationally chartered bank, or a state or federally chartered savings and loan association that is conducted in the same manner as a raffle conducted by a domestic credit union under section 411 of the credit union act.
History: Add. 1982, Act 395, Eff. Mar. 30, 1983 ;-- Am. 2003, Act 217, Imd. Eff. Dec. 2, 2003