Oklahoma § 6-908 - Banks and credit unions authorized to offer savings
Full text of Oklahoma Oklahoma Statutes § 6-908 — Banks and credit unions authorized to offer savings, with citation guidance and answers to common questions.
§ 6-908. Banks and credit unions authorized to offer savings
promotion raffles.
A. As used in this section, the term "savings promotion raffle"
means a contest in which the sole consideration required for a
chance of winning designated prizes is obtained by the deposit of a
specified amount of money in a savings account or other savings
program and each ticket or entry has an equal chance of being drawn,
with such contest being subject to regulations that may from time to
time be promulgated by the bank's or credit union's primary
regulator.
B. Oklahoma banks and credit unions are authorized to offer
savings promotion raffles.
Added by Laws 2021, c. 193, § 1, eff. Nov. 1, 2021.
Source: official Oklahoma text · Last verified 2026-08-27
Frequently Asked Questions About Oklahoma § 6-908
What does Oklahoma Statutes § 6-908 cover?
Section 6-908 ("Banks and credit unions authorized to offer savings") is part of the Oklahoma Statutes, the codified statutory law of Oklahoma. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Oklahoma § 6-908?
A common citation format is "Oklahoma Statutes § 6-908" (Oklahoma). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Oklahoma law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Oklahoma official source linked on this page or consult a licensed Oklahoma attorney.
How does Oklahoma § 6-908 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Oklahoma can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Oklahoma.