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2014 House Bill 5412: Allow state bank savings promotion raffles

Public Act 399 of 2014

Introduced by Rep. Nancy Jenkins R-Clayton on March 18, 2014
To allow chartered state banks to offer savings promotion raffles that offer prizes for individuals who enter the raffle by depositing a specified amount.   Official Text and Analysis.
Referred to the House Financial Services Committee on March 18, 2014
Reported in the House on September 17, 2014
With the recommendation that the substitute (H-2) be adopted and that the bill then pass.
Substitute offered by Rep. Nancy Jenkins R-Clayton on September 23, 2014
The substitute passed by voice vote in the House on September 23, 2014
Received in the Senate on September 30, 2014
Referred to the Senate Banking and Financial Institutions Committee on September 30, 2014
Reported in the Senate on October 22, 2014
With the recommendation that the bill pass.
Signed by Gov. Rick Snyder on December 24, 2014

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