Regarding the Presumption of Abandonment of Gift Obligations

Last updated: Jun 20, 2019

Details about this bill
Category: Gift Cards
Status: On Governor's Desk
Sponsor: Representative Sara Gideon, House 106
Session: 129
Bill #: LD 1612

Position:

Support.

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.

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.