Credit unions may apply for a raffle-credit union license to operate raffles, as authorized under RCW
9.46.0209(2) and
9.46.0315. The credit union must provide:
(1) Proof they are currently a federally or state chartered credit union located in Washington and are in good standing; and
(2) Official meeting minutes of the organization for the last twelve months demonstrating they are in the business for nongambling purposes; and
(3) A listing of the names of the director, board chair, and board as defined in WAC
208-400-020; and
(4) A section in their bylaws or their articles of incorporation guaranteeing that, if the organization is dissolved, all raffle revenues less prizes and expenses must be distributed to a charitable and nonprofit organization as set out in RCW
9.46.0209(1); and
(5) A listing of the charitable and nonprofit organizations as set out in RCW
9.46.0209(1) receiving all raffle revenues less prizes and expenses; and
(6) Any additional information requested by us.
[Statutory Authority: RCW
9.46.070. WSR 19-23-071, § 230-03-146, filed 11/18/19, effective 12/19/19.]