2011 Vermont Code
Title 08 Banking and Insurance
Chapter 81 GIFT CERTIFICATES
§ 2707 Exemption
§ 2707. Exemption
The provisions of this chapter shall not apply to the following:
(1) A gift certificate issued pursuant to an awards or loyalty program where no money or other thing of value is given in exchange for the gift certificate, provided that the expiration date is clearly and legibly disclosed on the gift certificate.
(2) 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.
(3) Prepaid calling cards issued solely to provide an access number and authorization code for prepaid calling services.
(4) A gift certificate for a food product, provided the expiration date is clearly and legibly printed on the front or the face of the gift certificate or printed on the back of the gift certificate in at least 10-point font.
(5) A season pass, a discount ski card, or a record sold for admission to any seasonal recreational activity.
(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.)
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