GENERAL ASSEMBLY OF NORTH CAROLINA

SESSION 1999

H	1 

HOUSE BILL 1172

Short Title:  Certain Gift Certs. Do Not Escheat.	(Public)

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Sponsors: Representatives Blue; and Cansler.

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Referred to:  Education.

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April 15, 1999

A BILL TO BE ENTITLED
AN ACT TO PROVIDE THAT GIFT CERTIFICATES AND ELECTRONIC GIFT CARDS WITHOUT EXPIRATION DATES DO NOT ESCHEAT.
The General Assembly of North Carolina enacts:
Section 1.  Chapter 116B of the General Statutes is amended by adding a new section to read:
"§ 116B-23.1.  Exclusion for gift certificates with no expiration date.
Any gift certificate or electronic gift card which conspicuously states that it does not expire is not unclaimed or abandoned property and shall not escheat."
Section 2.  This act is effective when it becomes law.