There is a newer version of the South Dakota Codified Laws
2011 South Dakota Code
Title 43 PROPERTY
Chapter 41B. Uniform Unclaimed Property Act
§43-41B-15 Gift certificates and credit memos.
SD Codified L § 43-41B-15 (through 2011) What's This?
43-41B-15. Gift certificates and credit memos. (a) A gift certificate or a credit memo issued in the ordinary course of an issuer's business which remains unclaimed by the owner for more than five years after becoming payable or distributable is presumed abandoned.
(b) In the case of a gift certificate, the amount presumed abandoned is the price paid by the purchaser for the gift certificate. In the case of a credit memo, the amount presumed abandoned is the amount credited to the recipient of the memo.
Source: SL 1992, ch 312, § 14.
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