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MI SB0752
Bill
AI Summary
- Exempts loan promotion raffles and savings promotion raffles conducted by domestic credit unions from Michigan gambling and lottery crime statutes
- Exempts loan promotion raffles and savings promotion raffles conducted by state banks from Michigan gambling and lottery crime statutes
- Exempts loan promotion raffles and savings promotion raffles conducted by federally chartered credit unions, national banks, and federally chartered savings and loan associations when conducted in the same manner as those by domestic credit unions
- Effective date is September 7, 2016 (90 days after enactment on June 9, 2016)
Legislative Description
Crimes; gambling; loan promotion raffles by state banks; exclude from gambling and lottery crimes. Amends secs. 315a & 376a of 1931 PA 328 (MCL 750.315a & 750.376a).
Crimes: gambling
Last Action
Assigned Pa 0163'16 With Immediate Effect
8/3/2016
Committee Referrals
Financial Services3/9/2016
Banking & Financial Institutions2/4/2016
Full Bill Text
No bill text available