Alabama Code 8-19F-9. Exclusion from lottery or gift enterprise provisions
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Terms Used In Alabama Code 8-19F-9
- Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
A fantasy contest offered pursuant to this chapter does not constitute a lottery or gift enterprise pursuant to Section 65 of the Official Recompilation of the Constitution of Alabama of 1901, as amended.