Regarding the Presumption of Abandonment of Gift Obligations

Last updated: Apr 21, 2019

Details about this bill
Category: Gift Cards
Status: In Committee
Sponsor: Representative Sara Gideon, House 106
Session: 129
Bill #: LD 1612

Position:

Support.

Summary:

Under current law, a gift obligation card, which includes a gift certificate, gift card and online gift account, is considered abandoned 2 years after the expiration of the calendar year in which it was purchased or last used. This bill removes the presumption of abandonment for gift obligation cards.