AN ACT RELATING TO COMMERCIAL LAW -- GENERAL REGULATORY PROVISIONS -- UNFAIR SALES PRACTICES

Summary

The bill adds a rule that any money a retailer receives for selling a gift certificate must be held in its own account until the certificate is used. When the certificate is redeemed, the funds can be moved to the retailer’s regular business account. Gift certificates given for free as part of loyalty or promotional programs are exempt.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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