2011 Wyoming Statutes
TITLE 34 - PROPERTY, CONVEYANCES AND SECURITY TRANSACTIONS
CHAPTER 24 - UNIFORM UNCLAIMED PROPERTY ACT
34-24-114. Gift certificates and credit memos.

(a) A gift certificate or a credit memo in an amount greater than one hundred dollars ($100.00) that remains unredeemed for more than three (3) years after issuance is deemed abandoned.

(b) In the case of a gift certificate, the amount deemed abandoned is the price paid for the certificate itself. In the case of a credit memo, the amount deemed abandoned is the amount credited as shown on the memo itself.

(c) The amount of a gift certificate or credit memo deemed abandoned is subject to the custody of this state in the following circumstances:

(i) The records of the issuer show that the last known address of the purchaser of the certificate or recipient of the memo is in this state;

(ii) The records of the issuer do not show the address of the purchaser or recipient, but do show that the certificate or memo was issued in this state;

(iii) The records of the issuer do not show the address of the purchaser or of the recipient and do not show the state where the certificate or memo was issued, but the issuer is a domiciliary of this state; or

(iv) The records of the issuer show that the address of the purchaser or recipient, or if none, the state where the certificate or memo was issued, is in or is a state whose escheat or unclaimed property law does not provide for the escheat or custodial taking of gift certificates and credit memos, and the issuer is a domiciliary of this state.

(d) Commencing on the effective date of this act, a business association issuing a gift certificate or credit memo in this state shall have a duty to record either the name and address of a purchaser of a certificate or a recipient of a credit memo or the state in which the certificate or memo was issued.