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The Vermont Statutes Online

 

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.)