Legislation

Search OpenLegislation Statutes

The Laws of New York
Consolidated Laws of New York
CHAPTER 20
General Business
ARTICLE 29-E
Trading Stamps
previous
SECTION 570
Definitions as used in this article
up
ARTICLE 29-E
Trading Stamps
next
SECTION 572
Registration required
This entry was published on 2014-09-22
The selection dates indicate all change milestones for the entire volume, not just the location being viewed. Specifying a milestone date will retrieve the most recent version of the location before that date.
SECTION 571
Declared face value; cash redemption
General Business (GBS) CHAPTER 20, ARTICLE 29-E
§ 571. Declared face value; cash redemption. No trading stamp company
shall advertise, distribute or redeem trading stamps hereafter issued in
this state unless:

1. Each stamp has legibly printed upon its face a cash value
determined by the company in cents or any fraction thereof, and

2. The rightful holders may, at their option, redeem the stamps in
cash when duly presented to the company for redemption in a number
having an aggregate cash value of not less than one dollar.