99B.18  Company games.
  Games of skill, games of chance, and card games may be conducted on premises either licensed or unlicensed and no license fee shall be required if a bona fide social, employment, trade or professional association relationship exists between the sponsors and the participants and the participants pay no consideration of any nature, either directly or indirectly, to participate in the games, and only “play” money or other items of no intrinsic value which may be wagered are provided to the participant free, and the sponsor conducting the game receives no consideration, either directly or indirectly, other than goodwill.
  A gambling device intended for use or used as provided in this section is exempt from the provisions of section 725.9, subsection 2.
[C75, §99B.8; C77, 79, 81, §99B.18]
2002 Acts, ch 1068, §15