Mich. Comp. Laws § 750.315a

Current through Public Act 156 of the 2024 Legislative Session
Section 750.315a - Loan promotion raffle or savings promotion raffle; inapplicability of chapter

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.

MCL 750.315a

Amended by 2016, Act 163,s 1, eff. 9/7/2016.
Amended by 2014, Act 400,s 1, eff. 12/29/2014.
Amended by 2003, Act 217, s 1, eff. 12/2/2003.
Add. 1982, Act 395, Eff. 3/30/1983.