Rhode Island General Laws 6-13-12.1. Donation of gift certificates
Current as of: 2023 | Check for updates
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Any gift certificate/card as defined in § 6-13-12 that has been donated for fundraising purposes shall be exempt from the provisions of § 6-13-12 relating to expiration dates, provided, that the gift certificate/card clearly states that the gift certificate/card has been donated for charity purposes and is subject to a clearly defined expiration date not less than one year from the issuance of the gift certificate/card to the gift certificate/card recipient.
History of Section.
P.L. 2012, ch. 270, § 1; P.L. 2012, ch. 281, § 1; P.L. 2014, ch. 528, § 9.
Terms Used In Rhode Island General Laws 6-13-12.1
- Charity: An agency, institution, or organization in existence and operating for the benefit of an indefinite number of persons and conducted for educational, religious, scientific, medical, or other beneficent purposes.
- Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.