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MO SB872

Bill

Official Source

Status

Introduced

2/1/2010

Primary Sponsor

Joan Bray

Click for details

Origin

Senate

2010 Regular Session

AI Summary

  • Prohibits the sale of gift certificates with expiration dates, dormancy fees, inactivity fees, or any service charges of any kind.

  • Defines "gift certificate" to include gift cards, stored-value cards, and similar records containing microprocessor chips or magnetic stripes that decrease in value upon use.

  • Exempts certificates distributed through awards, loyalty, or promotional programs without consumer payment, and bulk discount certificates sold to employers or nonprofits with expiration dates at least 30 days after sale.

  • Excludes gift certificates from Missouri's abandoned property laws under sections 447.500 to 447.595.

  • Establishes violations as unfair merchandising practices subject to penalties under section 407.020.

Legislative Description

Prohibits the use of expiration dates or service fees on gift certificates

Last Action

Hearing Conducted S Commerce, Consumer Protection, Energy and the Environment Committee

2/16/2010

Committee Referrals

Commerce, Consumer Protection, Energy And The Environment2/4/2010

Full Bill Text

No bill text available