120A.520 - Value remaining on gift certificate. - Nevada Statutes

120A.520  Value remaining on gift certificate.

      1.  Sixty percent of the unredeemed or uncharged value remaining on a gift certificate which is issued or sold in this State and which has an expiration date is presumed abandoned and subject to the provisions of this chapter on the expiration date.

      2.  If a gift certificate is issued or sold in this State and the seller or issuer does not obtain and maintain in his or her records the name and address of the owner of the gift certificate, the address of the owner of the gift certificate shall be deemed to be the address of the Office of the State Treasurer in Carson City.

      3.  This section does not create a cause of action against a person who issues or sells a gift certificate.

      4.  As used in this section, “gift certificate” has the meaning ascribed to it in NRS 598.0921.

      (Added to NRS by 2007, 309)