2012 -- S 2433 SUBSTITUTE A

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LC01783/SUB A/3

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STATE OF RHODE ISLAND

IN GENERAL ASSEMBLY

JANUARY SESSION, A.D. 2012

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A N A C T

RELATING TO COMMERCIAL LAW - GENERAL REGULATORY PROVISIONS -

UNFAIR SALES PRACTICES - GIFT CARDS

     Introduced By: Senators Picard, Lynch, Walaska, Lombardo, and Cote

     Date Introduced: February 16, 2012

     Referred To: Senate Corporations

It is enacted by the General Assembly as follows:

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     SECTION 1. Chapter 6-13 of the General Laws entitled "Unfair Sales Practices" is

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hereby amended by adding thereto the following section:

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     6-13-12.1. Donation of gift certificates. -- Any gift certificate/card as defined in section

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6-13-12 which has been donated for fundraising purposes, shall be exempt from the provisions of

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section 6-13-12 relating to expiration dates, provided, that the gift certificate/card clearly states

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that the gift certificate/card has been donated for charity purposes and is subject to a clearly

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defined expiration date, not less than one year from the issuance of the gift certificate/card to the

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gift certificate/card recipient.

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     SECTION 2. This act shall take effect upon passage.

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LC01783/SUB A/3

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EXPLANATION

BY THE LEGISLATIVE COUNCIL

OF

A N A C T

RELATING TO COMMERCIAL LAW - GENERAL REGULATORY PROVISIONS -

UNFAIR SALES PRACTICES - GIFT CARDS

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     This act would permit a one year expiration date on gift certificates/cards which are

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donated.

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     This act would take effect upon passage.

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LC01783/SUB A/3

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