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Gift Certificate law apply to small family owned business?

Do gift certificate laws apply to small family owned businesses??

Gift Certificates

I know of no exception for small or family owned business for the Massachusetts gift certificate or card law.  FYI, Massachusetts General Laws Chapter 255D, Section 1 defines a gift certificate as follows:

“Gift certificate”, a writing identified as a gift certificate purchased by a buyer for use by a person other than the buyer not redeemable in cash and usable in its face amount in lieu of cash in exchange for goods or services supplied by the seller. A gift certificate shall include an electronic card with a banked dollar value, a merchandise credit, a certificate where the issuer has received payment for the full face value for the future purchase or delivery of goods or services and any other medium that evidences the giving of consideration in exchange for the right to redeem the certificate, electronic card or other medium for goods, food, services, credit or money of at least an equal value. A gift certificate shall not include pre-paid calling arrangements, as defined in section 1 of chapter 64H, or any electronic card usable with multiple unaffiliated sellers of goods or services.

 

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