SB279 Alabama 2017 Session
Summary
- Primary Sponsor
-
Shay Shelnutt SenatorRepublican - Session
- Regular Session 2017
- Title
- Banking, savings promotion contests authorized, not gambling or lottery pursuant to Section 65 of Constitution
- Description
This bill would authorize financial institutions that do business in the state to conduct savings promotion contests for members and customers of the financial institution for the purpose of encouraging depositors to maintain savings accounts and increase personal savings.
This bill would specify that the offering of a savings promotion contest is not a lottery within the meaning of the Constitution of Alabama of 1901.
- Subjects
- Banking Department
Bill Actions
Indefinitely Postponed
Banking and Insurance first Amendment Offered
Read for the second time and placed on the calendar 1 amendment
Read for the first time and referred to the Senate committee on Banking and Insurance
Bill Text
Documents
Source: Alabama Legislature