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Terms Used In Maryland Code, BUSINESS REGULATION 13-101

  • Person: includes an individual, receiver, trustee, guardian, personal representative, fiduciary, representative of any kind, corporation, partnership, business trust, statutory trust, limited liability company, firm, association, or other nongovernmental entity. See
(a) In this title the following words have the meanings indicated.

(b) (1) “Trading stamp” means a stamp or other similar device issued in connection with the retail sale of goods or services, as a cash discount or for any other marketing purpose, that is redeemable for cash, goods, or services.

(2) “Trading stamp” does not include a redeemable device that:

(i) a manufacturer or packer of an article uses to advertise or sell the article; or

(ii) a magazine, newspaper, or other publication issues and redeems.

(c) “Trading stamp company” means a person who, in any way:

(1) distributes trading stamps for retail issuance by others; or

(2) redeems trading stamps for retailers.