ESCHEAT AND GIFT CARD LAWS: WEST VIRGINIA

Monday, November 12, 2012

WEST VIRGINIA

Escheat Provision:

W. Va. Code §36-8-2(a)(7)

Gift certificate, three years after Dec. 31 of the year in which the certificate was sold, but if redeemable in merchandise only, the amount abandoned is deemed to be 60 percent of the certificate’s face value.

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.

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