Oregon Statutes 646A.278 – Requirements for sale of gift card that expires
Current as of: 2023 | Check for updates
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A person may sell a gift card that has an expiration date if:
Terms Used In Oregon Statutes 646A.278
- Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
- Person: includes individuals, corporations, associations, firms, partnerships, limited liability companies and joint stock companies. See Oregon Statutes 174.100
(1) The gift card bears, in at least 10-point type, the words ‘EXPIRES ON’ or ‘EXPIRATION DATE’ followed by the date on which the card expires;
(2) The person sells the gift card at a cost below the face value of the card; and
(3) The gift card does not expire until at least 30 days after the date of sale. [2007 c.772 § 3]
(Simulated Invoices)