Michigan Laws 445.903g – Expiration of gift certificate; limitation
Current as of: 2023 | Check for updates
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Terms Used In Michigan Laws 445.903g
- Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
- Person: means an individual, corporation, limited liability company, trust, partnership, incorporated or unincorporated association, or other legal entity. See Michigan Laws 445.902
A person engaged in the retail sale of goods or services shall not sell a gift certificate to a consumer that expires within a period of less than 5 years.