SB-0752, As Passed Senate, May 24, 2016

HOUSE SUBSTITUTE FOR

SENATE BILL NO. 752

     A bill to amend 1931 PA 328, entitled

"The Michigan penal code,"

by amending sections 315a and 376a (MCL 750.315a and 750.376a), as

amended by 2014 PA 400.

THE PEOPLE OF THE STATE OF MICHIGAN ENACT:

     Sec. 315a. This chapter does not apply to a loan promotion

raffle or savings promotion raffle conducted by a domestic credit

union under section 411 of the credit union act, 2003 PA 215, MCL

490.411, to a loan promotion raffle or savings promotion raffle

conducted by a state bank under section 4111 of the banking code of

1999, 1999 PA 276, MCL 487.14111, or to a loan promotion raffle or

savings promotion raffle conducted by a federally chartered credit

union, a national bank, or a federally chartered savings and loan

association that is conducted in the same manner as a loan

promotion raffle or savings promotion raffle conducted by a

domestic credit union under section 411 of the credit union act,

2003 PA 215, MCL 490.411.

     Sec. 376a. This chapter does not apply to a loan promotion

raffle or savings promotion raffle conducted by a domestic credit

union under section 411 of the credit union act, 2003 PA 215, MCL

490.411, to a loan promotion raffle or savings promotion raffle

conducted by a state bank under section 4111 of the banking code of

1999, 1999 PA 276, MCL 487.14111, or to a loan promotion raffle or

savings promotion raffle conducted by a federally chartered credit

union, a national bank, or a federally chartered savings and loan

association that is conducted in the same manner as a loan

promotion raffle or savings promotion raffle conducted by a

domestic credit union under section 411 of the credit union act,

2003 PA 215, MCL 490.411.

     Enacting section 1. This amendatory act takes effect 90 days

after the date it is enacted into law.