|Senate Counsel & Research||State of Minnesota|
|S.F. No. 200 - Gift Cards (first engrossment)|
|Author:||Senator Wes Skoglund|
|Prepared by:||Christopher B. Stang, Senate Counsel (651/296-0539)|
|Date:||March 10, 2005|
Subdivision 1 defines "gift certificate" for purposes of the bill.
Subdivision 2 makes it unlawful for any person to sell a gift certificate that has an expiration date or a service fee of any kind.
Subdivision 3 exempts from the bill gift certificates:
Subdivision 4 allows a holder to receive the balance in cash from the issuer if the remaining value of the gift certificate is $5 or less.
Subdivision 5 provides that the value of a gift certificate may be applied to debt the holder of the certificate owes to the issuer.
Subdivision 6 provides that the remedies of Minnesota Statutes, section 8.31, apply to violations of this section.
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