Michigan Laws 445.903g – Expiration of gift certificate; limitation
Current as of: 2024 | Check for updates
|
Other versions
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.