South Dakota Codified Laws 43-41B-42. Unredeemed gift certificates, closed-loop cards, open-loop cards, and rewards cardsnot subject to state claim
Current as of: 2023 | Check for updates
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Any unredeemed gift certificate or closed-loop card that meets the requirements of § 43-41B-43 or any open-loop prepaid card or rewards card is subject only to any rights of a purchaser or owner of the gift certificate or card and is not subject to any claim made by any state acting on behalf of a purchaser or owner.
Terms Used In South Dakota Codified Laws 43-41B-42
- Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
Source: SL 2010, ch 215, § 3; SL 2011, ch 198, § 2.