12 U.S. Code § 1829a - Participation by State nonmember insured banks in lotteries and related activities
Nothing contained in this section prohibits a State nonmember insured bank from accepting deposits or cashing or otherwise handling checks or other negotiable instruments, or performing other lawful banking services for a State operating a lottery, or for an officer or employee of that State who is charged with the administration of the lottery.
The Board of Directors shall prescribe such regulations as may be necessary to the strict enforcement of this section and the prevention of evasions thereof.
2014—Subsec. (c)(2). Pub. L. 113–251, § 3(c)(1), inserted “, other than a savings promotion raffle,” before “whereby” in introductory provisions.
Subsec. (c)(4). Pub. L. 113–251, § 3(c)(2), added par. (4).
1994—Subsec. (a)(3). Pub. L. 103–325 inserted “or” at end.
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