The Vermont Statutes Online
The Statutes below include the actions of the 2024 session of the General Assembly.
NOTE: The Vermont Statutes Online is an unofficial copy of the Vermont Statutes Annotated that is provided as a convenience.
Title 8 : Banking and Insurance
Chapter 081 : Gift Certificates
(Cite as: 8 V.S.A. § 2707)-
§ 2707. Exemption
Except as provided in this section, the provisions of this chapter shall not apply to the following:
(1) a loyalty, award, or promotional gift certificate where no money or other thing of value is given in exchange for the gift certificate, provided that the gift certificate complies with section 2702a of this title;
(2) the promotional value of a loyalty, award, or promotional gift certificate issued in exchange for paid value, provided that the gift certificate complies with sections 2702 and 2702a of this title;
(3) a gift certificate donated to a charitable organization and used for fund-raising activities of a charitable organization, without any money or other thing of value being given in exchange for the gift certificate by the charitable organization, provided that the expiration date is clearly and legibly printed on the gift certificate;
(4) prepaid calling cards issued solely to provide an access number and authorization code for prepaid calling services;
(5) a season pass, a discount ski card, or a record sold for admission to any seasonal recreational activity; or
(6) a payroll card account issued pursuant to and in full compliance with 21 V.S.A. § 342(c). (Added 2005, No. 39, § 1; amended 2009, No. 115 (Adj. Sess.), § 2, eff. May 21, 2010; 2011, No. 136 (Adj. Sess.), § 7, eff. May 18, 2012.)
