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§ 796. Definitions

Oklahoma Statutes AnnotatedTitle 15. Contracts

Oklahoma Statutes Annotated
Title 15. Contracts
Chapter 20. Consumer Protection (Refs & Annos)
Gift Certificate and Gift Card Disclosure Act
15 Okl.St.Ann. § 796
§ 796. Definitions
Currentness
As used in the Gift Certificate and Gift Card Disclosure Act:
1. “Gift card” shall mean a plastic card or other electronic payment device which is:
a. issued in a predenominated amount or in an amount requested by the consumer,
b. usable to purchase goods and/or services only at a single merchant or group of merchants that are affiliated through common corporate ownership or control, and
c. purchased by a consumer on a prepaid basis in exchange for payment;
2. “Gift certificate” shall mean a written promise which is:
a. issued in a specified amount, indicated on its face, and cannot be increased in value,
b. usable to purchase goods and/or services only at a single merchant or a group of merchants that are affiliated through common corporate ownership or control, and
c. purchased by a consumer on a prepaid basis in exchange for payment;
3. “Issuer” shall mean a person or entity engaged in the business of offering goods and/or services for sale at retail who sells gift certificates or gift cards to consumers; and
4. “Prepaid service arrangement” shall mean a method to purchase specific services in advance and which enables the use of the service through a unique access number or authorization code provided manually or electronically to the service provider.

Credits

Laws 2005, c. 233, § 2, eff. Nov. 1, 2005; Laws 2006, c. 59, § 1, eff. Nov. 1, 2006.
15 Okl. St. Ann. § 796, OK ST T. 15 § 796
Current with emergency effective legislation through Chapter 257 of the Second Regular Session of the 59th Legislature (2024). Some sections may be more current, see credits for details.
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