Tex. Bus. & Com. Code § 622.052

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
Section 622.052 - Prize Value Less Than $50,000
(a) This chapter does not apply to a sweepstakes in which the value of the most valuable prize is less than $50,000.
(b) For purposes of this section, the value of a prize is the greatest of the prize's:
(1) face value;
(2) fair market value; or
(3) present financial value.

Tex. Bus. and Comm. Code § 622.052

Added by Acts 2007, 80th Leg., R.S., Ch. 885, Sec. 2.01, eff. 4/1/2009.