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2005 Connecticut Code - Sec. 3-60d. Value of gift certificate presumed abandoned, when.

      Sec. 3-60d. Value of gift certificate presumed abandoned, when. The value of a gift certificate that is not redeemed three years after the later of (1) the date of purchase or issuance of the gift certificate, or (2) the date of the last transaction by the owner that increased or decreased the value of the gift certificate, is presumed abandoned.

      (June 30 Sp. Sess. P.A. 03-1, S. 74.)

      History: June 30 Sp. Sess. PA. 03-1 effective August 16, 2003.

      See Sec. 42-445 re gift certificate owner address record and re honoring gift certificate reported to the Treasurer.

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