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Assembly Bill A2984

2013-2014 Legislative Session

Provides that gift certificates shall not contain expiration dates except in limited circumstances

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Archive: Last Bill Status - In Assembly Committee

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2013-A2984 (ACTIVE) - Details

Current Committee:
Assembly Consumer Affairs And Protection
Law Section:
General Business Law
Laws Affected:
Add ยง396-ii, Gen Bus L
Versions Introduced in Other Legislative Sessions:
2009-2010: A6956
2011-2012: A1057

2013-A2984 (ACTIVE) - Summary

Provides that gift certificates and store credits shall not contain expiration dates, except in limited circumstances where they are issued for promotional purposes without value being given by the consumer; makes certificates or credit with an expiration date redeemable in cash or replaceable by a certificate or credit without an expiration date.

2013-A2984 (ACTIVE) - Bill Text download pdf 

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

                                  2984

                       2013-2014 Regular Sessions

                          I N  A S S E M B L Y

                            January 22, 2013
                               ___________

Introduced by M. of A. ORTIZ, CLARK, MILLMAN, ROBINSON, COOK, O'DONNELL,
  GALEF  --  Multi-Sponsored  by -- M. of A. CAHILL, FARRELL, GOTTFRIED,
  HOOPER, JACOBS, MAGEE, PEOPLES-STOKES -- read once and referred to the
  Committee on Consumer Affairs and Protection

AN ACT to amend the general business law, in relation to  expiration  of
  gift certificates

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

  Section 1. The general business law is amended by adding a new section
396-ii to read as follows:
  S 396-II. GIFT CERTIFICATES. 1. IT SHALL BE UNLAWFUL FOR  ANY  PERSON,
FIRM,  PARTNERSHIP, ASSOCIATION OR CORPORATION TO SELL GIFT CERTIFICATES
OR ISSUE STORE CREDITS TO A CONSUMER CONTAINING AN EXPIRATION DATE.  ANY
GIFT CERTIFICATE SOLD OR STORE CREDIT ISSUED AFTER THE EFFECTIVE DATE OF
THIS  SECTION, WHICH CONTAINS AN EXPIRATION DATE, SHALL BE REDEEMABLE IN
CASH FOR ITS CASH VALUE, OR SUBJECT  TO  REPLACEMENT  WITH  A  NEW  GIFT
CERTIFICATE AT NO COST TO THE CONSUMER.
  2. THE PROVISIONS OF THIS SECTION SHALL NOT APPLY TO GIFT CERTIFICATES
OR  STORE  CREDITS  DISTRIBUTED  TO  A CONSUMER FOR PROMOTIONAL PURPOSES
WITHOUT ANY MONEY OR OTHER THING OF VALUE BEING GIVEN  IN  EXCHANGE  FOR
THE GIFT CERTIFICATE OR ISSUANCE OF STORE CREDITS BY THE CONSUMER.
  S  2.  This  act  shall take effect on the sixtieth day after it shall
have become a law.



 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD06976-01-3

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