This law allows the Texas legislature to permit credit unions and financial institutions to conduct promotional activities that reward depositors with prizes. It establishes a framework for these activities, ensuring they comply with general law regulations.
Authorizes promotional activities by credit unions and financial institutions.
Prizes awarded to depositors selected by lot.
Activities must comply with terms set by general law.
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In simple terms: Learn about Texas's law, including definitions, penalties, and legal implications.. This means people must follow this rule, and breaking it can lead to criminal penalties.
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