Current through Register Vol. 25-01, January 1, 2025
Section 230-11-013 - Conducting a raffle by a credit unionThe following requirements apply when a credit union organized and operating under state or federal law conducts a raffle:
(1) All revenue received from raffles, less prizes and expenses, must be devoted to purposes authorized in RCW 9.46.0209(1); and(2) Tickets for such raffles can be sold only to, and winners are determined only from among, the regular members of the credit union; and(3) All recordkeeping requirements outlined in this chapter must be met; and(4) A license must be obtained if gross revenues from all such raffles held by the credit union during a calendar year exceed five thousand dollars.Wash. Admin. Code § 230-11-013
Adopted by WSR 19-23-071, Filed 11/18/2019, effective 12/19/2019