Regarding the Presumption of Abandonment of Gift Obligations
|Status:||On Governor's Desk|
|Sponsor:||Representative Sara Gideon, House 106|
|Bill #:||LD 1612|
UPDATE 6/20/19: The bill has been removed from the table and enacted. It awaits action by Governor Mills.
UPDATE 6/19/19: The bill has been placed on the Appropriations Table pending funding.
UPDATE 6/18/19: The bill has passed the House and is awaiting action in the Senate.
UPDATE 5/31/19: The committee voted unanimously Ought to Pass as Amended.
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.