Tex. Fin. Code § 280.002 · Chapter 280. SAVINGS PROMOTION RAFFLE
DEFINITIONS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
In this chapter:
(1) "Credit union" means:
(A) a credit union as defined by Section 121.002; or
(B) a federal credit union doing business in this state.
(2) "Deposit," with respect to a financial institution, has the meaning assigned by Section 31.002.
(3) "Finance commission" means the Finance Commission of Texas.
(4) "Financial institution" has the meaning assigned by Section 31.002.
(5) "Savings promotion raffle" means a raffle conducted by a credit union or financial institution in which the sole action required for a chance of winning a designated prize is the deposit of at least a specified amount of money in a savings account or other savings program offered by the credit union or financial institution.
Notes and commentary — not statutory text
History
Added by Acts 2017, 85th Leg., R.S., Ch. 978 (H.B. 471), Sec. 3, eff. November 7, 2017.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/FI/htm/FI.280.htm
- Text hash
- sha256 2563a62d0933f38dfbbf11813cc0a6620aa11d97e3f9ce58f6517b903743594a
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
This section cites
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Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.