Go to Previous Versions
of
this Section
2024 Texas Statutes
Business and Commerce Code
Title 12 - Rights and Duties of Consumers and Merchants
Chapter 604 - Sale or Issuance of Stored Value Card
Subchapter A. General Provisions
Section 604.001. Definition of Stored Value Card
Universal Citation:
TX Bus & Com Code § 604.001 (2024)
Learn more
This media-neutral citation is based
on the American Association of Law Libraries Universal Citation Guide and is not
necessarily the official citation.
Sec. 604.001. DEFINITION OF STORED VALUE CARD. In this chapter, "stored value card":
(1) means a record, as defined by Section 322.002, including a record that contains a microprocessor chip, magnetic strip, or other means of storing information:
(A) that evidences a promise made for monetary consideration by the seller or issuer of the record that goods or services will be provided to the owner of the record in the value shown in the record;
(B) that is prefunded; and
(C) the value of which is reduced on redemption; and
(2) includes a gift card or gift certificate.
Added by Acts 2007, 80th Leg., R.S., Ch. 885 (H.B. 2278), Sec. 2.01, eff. April 1, 2009.
Disclaimer: These codes may not be the most recent version. Texas may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.