Section 37-19-6 - Cash value stated on face of stamps--Minimum redemption value--Place ofredemption. - South Dakota Statutes

37-19-6. Cash value stated on face of stamps--Minimum redemption value--Place of redemption. All trading stamps, which are furnished to any person in the course of the sale of goods or merchandise which may entitle the person holding such trading stamps to receive or procure from any person goods or merchandise free of charge or for less than the retail market price thereof, the value of such trading stamps excluded, shall have the cash value of each trading stamp stated on the face thereof. The redeemable value so printed or written upon the face of each trading stamp shall not be less than the actual value of such stamp, as determined by the issuer, for premium redemption purposes and trading stamps shall only be presented for redemption in cash in an amount aggregating not less than one dollar. All such trading stamps shall, at the option of the holder, be redeemable in cash at any office or agency of the trading stamp company, redeeming the trading stamps in merchandise.

Source: SL 1965, ch 268, § 6.