Texas Business And Commerce Code § 622.052 Prize Value Less Than ,000

Sec. 622.052. PRIZE VALUE LESS THAN $50,000. (a) This chapter does not apply to a sweepstakes in which the value of the most valuable prize is less than $50,000.

(b) For purposes of this section, the value of a prize is the greatest of the prize's:

(1) face value;

(2) fair market value; or

(3) present financial value.

Added by Acts 2007, 80th Leg., R.S., Ch. 885 (H.B. 2278), Sec. 2.01, eff. April 1, 2009.

Section: Previous  622.001  622.002  622.051  622.052  622.053  622.054  622.055  622.056  622.057  622.058  622.059  622.060  622.061  622.101  622.102  Next

Last modified: September 28, 2016