ESCHEAT AND GIFT CARD LAWS: NEW HAMPSHIRE

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NEW HAMPSHIRE

Definition of Gift Card/Gift Certificate:

N.H. Rev. Stat. Ann. §358-A:1
“Gift certificate” means a written promise given in exchange for payment to provide the bearer, upon presentation, goods or services in a specified amount.

Expiration Date Provision:

N.H. Rev. Stat. Ann. §358-A:2
Expiration date prohibited for gift certificates valued at less than $100.

Fee Provision:

N.H. Rev. Stat. Ann. §358-A:2
Service fees on gift certificates prohibited.

Escheat Provision:

N.H. Rev. Stat. Ann. §358-A:2
Gift certificates having a face value in excess of $100 shall expire when escheated to the state as abandoned property pursuant to RSA 471-C.

N.H. Rev. Stat. Ann. §471-C:2
Intangible property unclaimed by the owner for five years is abandoned.

N.H. Rev. Stat. Ann. §471-C:16
All gift certificates remitted to the state prior to Jan. 1, 1998, and gift certificates that are properly determined to be reportable in any compliance audits initiated prior to Jan. 1, 1998 and subsequently remitted, shall remain in the custody of the state unless and until returned to the owner.

SOURCE: National Conference of State Legislatures


PLEASE NOTE:  Please note the summaries should be used for general informational purposes and not as a legal reference. DropZone Marketing is unable to answer questions or provide guidance to business owners regarding gift cards and gift certificate laws and practices. If you have questions regarding issuing or redeeming a gift card or gift certificate or a retailer’s practices, please contact the Office of the Attorney General in your state.

SOURCE: National Conference of State Legislatures


PLEASE NOTE:  Please note the summaries should be used for general informational purposes and not as a legal reference. DropZone Marketing is unable to answer questions or provide guidance to business owners regarding gift cards and gift certificate laws and practices. If you have questions regarding issuing or redeeming a gift card or gift certificate or a retailer’s practices, please contact the Office of the Attorney General in your state.

About James La Barrie

James La Barrie is passionate about marketing and changing a company's service culture. Originally from the Caribbean island of Antigua, James melds his approach of marketing and delivering elite service together as one. James has injected his 'service marketing' approach throughout his career to transform companies from good to great.

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