47.11 – DEPOSITS IN CERTAIN ACCOUNTS NOT CONSIDERATION.
Texas Penal Code § 47.11
Summary
This law clarifies that deposits made into savings accounts or programs related to savings promotion raffles do not count as consideration for legal purposes. This affects individuals participating in such raffles and financial institutions offering these accounts.
Deposits in savings accounts are not considered legal consideration.
Applies to savings promotion raffles under Finance Code.
Affects both participants and financial institutions involved.
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In simple terms: Learn about Texas's DEPOSITS IN CERTAIN ACCOUNTS NOT CONSIDERATION. 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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