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CA SB885

Bill

Official Source

Status

Vetoed

9/23/2010

Primary Sponsor

Ellen Corbett

Click for details

Origin

Senate

2009-2010 Session

AI Summary

  • Prohibits the sale of gift certificates that contain any expiration date or service fees, including dormancy fees
  • Requires gift certificates sold after January 1, 1997 to be redeemable in cash for their full value or replaceable with a new certificate at no cost to the holder
  • Allows exceptions for promotional gift certificates, discounted charitable donations, and perishable food products if expiration dates are clearly displayed in capital letters in at least 10-point font on the front
  • Permits gift certificate issuers to accept contributions from multiple people toward a single gift certificate, with refunds required if the recipient fails to redeem within a disclosed timeframe
  • Defines "cash" to include currency, checks, electronic funds transfers, or wireless account credits when both parties agree

Legislative Description

Gift certificates: redemption.

Last Action

In Senate. To unfinished business. (Veto)

9/24/2010

Committee Referrals

Judiciary2/4/2010
Rules1/19/2010

Full Bill Text

No bill text available