Tex. Pen. Code § 47.11

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.

Section 47.11 - [See Note] Deposits in Certain Accounts Not Consideration

For purposes of this chapter, opening or making a deposit in a savings account or other savings program subject to a savings promotion raffle under Chapter 280, Finance Code, does not constitute consideration.

Added by Acts 2017, Texas Acts of the 85th Leg. - Regular Session, ch. 978,Sec. 6, eff. on the date the constitutional amendment proposed by the 85th Legislature, Regular Session, 2017, relating to legislative authority to permit credit unions and other financial institutions to award prizes by lot to promote savings is approved by the voters.