December 10, 2015, Introduced by Reps. Forlini and Love and referred to the Committee on Financial Services.
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.
Enacting section 2. This amendatory act does not take effect
unless all of the following bills of the 98th Legislature are
enacted into law:
(a) House Bill No. 5022.
(b) Senate Bill No. ____ or House Bill No. 5251 (request no.
04540'15).