2009 Regular Session


File Code: Commercial Law - Generally Crossfiled with: HOUSE BILL 126
Sponsored By:
Senators Pugh, Conway, Exum, Harrington, King, Lenett, Peters, Rosapepe, and Stone
Commercial Law - Gift Certificates - Balances - Presumption of Abandonment


Providing that on a specified date the balance remaining on a gift certificate sold in the State shall be presumed to be abandoned; requiring each issuer of gift certificates sold in the State to report to the Comptroller specified information regarding gift certificate transactions in the State and to remit to the Comptroller 70% of the remaining balances on specified gift certificates on or before March 1 of each year; etc.

History by Legislative and Calendar Date

Legislative date is used to record history occurring in the Chambers otherwise Calendar date is used.
Senate Action
First Reading Finance
Hearing 2/18 at 1:00 p.m.
Hearing cancelled
Unfavorable Report by Finance Withdrawn
House Action
No Action

Sponsored by:

Senator Catherine E. Pugh, District 40
Senator Joan Carter Conway, District 43
Senator Nathaniel Exum, District 24
Senator David C. Harrington, District 47
Senator Nancy J. King, District 39
Senator Mike Lenett, District 19
Senator Douglas J. J. Peters, District 23
Senator Jim Rosapepe, District 21
Senator Norman R. Stone, Jr., District 6

Bill indexed under the following Subjects:

Abandoned Property
Commerce and Business -see also- Dealers; Elec. Comm.; etc
Consumer Protection -see also- Unfair Trade Practices
Records -see also- Land Records; Vital Records
Revenue and Taxes -see also- Dev Fees & Taxes; specific tax.

Bill affects the following Statute:

Commercial Law
( 14-1319 )


Bill Text (Displayed in PDF Format): First Reading, Third Reading, Enrolled
Fiscal and Policy Note (Displayed in PDF Format): Available
Amendments: None offered