Sec. 4. (a) As used in this chapter, "qualified account", for purposes of a prize linked savings program, means: (1) a savings account; (2) a time deposit; or (3) a savings program; that is offered by an eligible depository financial institution to an eligible individual. (b) The term includes: (1) an account described in subsection (a) that is a share account; and (2) an account described in subsection (a) in which an eligible individual has an interest: (A) individually; or (B) jointly with another eligible individual.
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