Skip to main content
CourtGPT logoCourtGPT
Directory
Law
For Attorneys
Blog
AppointmentsSign InSign Up
Section 5-27-5 - Construction; Limitation on Prizes or Awards — Alabama Law | CourtGPT
  1. Home/
  2. Laws/
  3. Alabama/
  4. Title 5 - Banks and Financial Institutions/
  5. Chapter 27 - Savings Promotion Contest/
  6. Section 5-27-5 - Construction; Limitation on Prizes or Awards
Alabama Legal Code

Section 5-27-5 - Construction; Limitation on Prizes or Awards

Ask AI about this
A savings promotion contest offered pursuant to this chapter does not constitute gambling or the promotion of gambling or a lottery or raffle pursuant to Section 65 of the Constitution of Alabama of 1901. No prize or award shall exceed twelve thousand five hundred dollars ($12,500).(Act 2017-406, §5.)

Source: https://alison.legislature.state.al.us/code-of-alabama?section=5-27-5· Version 2026