Tex. Business & Commerce Code § 621.103
This is the official text of Tex. Business & Commerce Code § 621.103, part of Texas’s Business & Commerce Code — governs commercial transactions and general business practices.
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§ 621.103. REQUIREMENTS FOR MATCHED CONTEST.
Official statutory text
(a) The identity and number of the major prizes to be awarded in a matched contest must be:
(1) determined before the contest begins; and
(2) disclosed on each entry form distributed.
(b) Each major prize identified on an entry form for a matched contest shall be awarded.
(c) The contest period for a matched contest may not exceed 12 calendar months.
(d) If, during the contest period for a matched contest, a winning number is not presented or matched for a major prize, the offeror shall conduct a drawing from the names of those individuals who attended a sales presentation during the contest period. The offeror shall conduct the drawing not later than the 60th day after the date the contest period ends. Each major prize identified on the entry forms distributed during the contest period that was not previously awarded shall be awarded at the time of the drawing.
(1) determined before the contest begins; and
(2) disclosed on each entry form distributed.
(b) Each major prize identified on an entry form for a matched contest shall be awarded.
(c) The contest period for a matched contest may not exceed 12 calendar months.
(d) If, during the contest period for a matched contest, a winning number is not presented or matched for a major prize, the offeror shall conduct a drawing from the names of those individuals who attended a sales presentation during the contest period. The offeror shall conduct the drawing not later than the 60th day after the date the contest period ends. Each major prize identified on the entry forms distributed during the contest period that was not previously awarded shall be awarded at the time of the drawing.
Status: in_force · Read it on the official government site
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