Assembly Bill A2567

2009-2010 Legislative Session

Relates to gift certificates

download bill text pdf

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Archive: Last Bill Status - In Assembly Committee

  • Introduced
    • In Committee Assembly
    • In Committee Senate
    • On Floor Calendar Assembly
    • On Floor Calendar Senate
    • Passed Assembly
    • Passed Senate
  • Delivered to Governor
  • Signed By Governor

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2009-A2567 (ACTIVE) - Details

Current Committee:
Assembly Consumer Affairs And Protection
Law Section:
General Business Law
Laws Affected:
Amd ยง396-i, Gen Bus L

2009-A2567 (ACTIVE) - Summary

Relates to gift certificates; deletes any references to the "dormancy" of gift certificates.

2009-A2567 (ACTIVE) - Bill Text download pdf 

                            
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                  2567

                       2009-2010 Regular Sessions

                          I N  A S S E M B L Y

                            January 20, 2009
                               ___________

Introduced by M. of A. JAFFEE -- read once and referred to the Committee
  on Consumer Affairs and Protection

AN  ACT  to  amend the general business law, in relation to gift certif-
  icates

  THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section 1. Subdivision 5 of section 396-i of the general business law,
as  amended  by  chapter  507 of the laws of 2004, is amended to read as
follows:
  5. (a) No retroactive fees shall be assessed against  a  gift  certif-
icate.
  (b)  No  monthly service fees may be assessed against the balance of a
gift certificate [prior to the thirteenth month of dormancy].
  (c) [For the purposes of this subdivision, "dormancy" shall mean  non-
use of a gift certificate.] Use of a gift certificate shall include, but
not be limited to, adding value, or purchases.
  S 2. This act shall take effect immediately.





 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD03635-01-9

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