750.376a Loan promotion raffle or savings promotion raffle; inapplicability of chapter.
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750.376a Loan promotion raffle or savings promotion raffle; inapplicability of chapter.
Sec. 376a.
This chapter does not apply to a loan promotion raffle or savings promotion raffle conducted by a domestic credit union under section 411 of the credit union act, 2003 PA 215, MCL 490.411, to a loan promotion raffle or savings promotion raffle conducted by a state bank under section 4111 of the banking code of 1999, 1999 PA 276, MCL 487.14111, or to a loan promotion raffle or savings promotion raffle conducted by a federally chartered credit union, a national bank, or a federally chartered savings and loan association that is conducted in the same manner as a loan promotion raffle or savings promotion raffle conducted by a domestic credit union under section 411 of the credit union act, 2003 PA 215, MCL 490.411.
History: Add. 1982, Act 395, Eff. Mar. 30, 1983 ;-- Am. 2003, Act 217 , Imd. Eff. Dec. 2, 2003 ;-- Am. 2014, Act 400 , Imd. Eff. Dec. 29, 2014 ;-- Am. 2016, Act 163 , Eff. Sept. 7, 2016