Text: HF02286 Text: HF02288 Text: HF02200 - HF02299 Text: HF Index Bills and Amendments: General Index Bill History: General Index
PAG LIN
1 1 Section 1. Section 537.1301, subsection 20, Code
1 2 Supplement 2003, is amended to read as follows:
1 3 20. "Gift certificate" means a merchandise certificate or
1 4 electronic card conspicuously designated as a gift certificate
1 5 or gift card, and purchased by a buyer for use by a person
1 6 other than the buyer.
1 7 Sec. 2. NEW SECTION. 537.3312 GIFT CERTIFICATES –
1 8 EXPIRATION DATES PROHIBITED.
1 9 1. A seller shall not sell a gift certificate that
1 10 contains an expiration date. An expiration date contained on
1 11 a gift certificate is void. A gift certificate with an
1 12 expiration date shall be redeemable in cash for its cash
1 13 value, or subject to replacement with a new gift certificate
1 14 without an expiration date at no cost to the buyer or holder.
1 15 2. This section shall not apply to any of the following
1 16 gift certificates if the expiration date appears in capital
1 17 letters in at least ten-point font on the front of the gift
1 18 certificate:
1 19 a. Gift certificates distributed by the seller to a person
1 20 pursuant to an awards, loyalty, or promotional program without
1 21 any money or other thing of value being given in exchange for
1 22 the gift certificate by the person.
1 23 b. Gift certificates that are sold below face value at a
1 24 volume discount to employers or to nonprofit and charitable
1 25 organizations for fundraising purposes if the expiration date
1 26 on those gift certificates is not more than thirty days after
1 27 the date of sale.
1 28 c. Gift certificates that are issued for a food product.
1 29 EXPLANATION
1 30 This bill prohibits sellers from selling gift certificates
1 31 that contain an expiration date. The bill provides that gift
1 32 certificates sold with an expiration date shall be redeemable
1 33 in cash or may be replaced at no cost to the buyer or holder.
1 34 If the gift certificate is distributed as an award or pursuant
1 35 to a loyalty or promotional program or if the certificate is
2 1 sold below face value for fundraising purposes or if the gift
2 2 certificate is one issued for a food product, the certificate
2 3 may contain an expiration date if the expiration date is
2 4 printed in capital letters in at least 10-point font on the
2 5 front of the gift certificate. The bill amends the definition
2 6 of gift certificate to include electronic gift cards.
2 7 LSB 6137YH 80
2 8 kk/pj/5
Text: HF02286 Text: HF02288 Text: HF02200 - HF02299 Text: HF Index Bills and Amendments: General Index Bill History: General Index
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