Escheat and Gift Card Laws: Arizona

Friday, December 28, 2012

ARIZONA

Definition of Gift Card/Gift Certificate:

Ariz. Rev. Stat. Ann. §44-7401

“Gift card” means any gift certificate, gift card or electronic gift card or any other medium issued or sold after October 31, 2005 for which the issuer has received payment for the full face value or full banked dollar value of the card for the future purchase or delivery of goods or services.

Expiration Date Provision:

Ariz. Rev. Stat. Ann. §44-7402

Issuer of certificate/card must disclose expiration date

Fee Provision:

Ariz. Rev. Stat. Ann. §44-7402

Issuer must disclose amount of fee and when fee is incurred.

Escheat Provision:

Ariz. Rev. Stat. Ann. §44-301(15)

Gift certificates/cards are not considered property and not subject to escheat laws.

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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