Regarding the Presumption of Abandonment of Gift Obligations
|Sponsor:||Representative Sara Gideon, House 106|
|Bill #:||LD 1612|
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.