§ 19.240.005. Intent
It is the intent of the legislature to relieve businesses from the obligation of reporting gift certificates as unclaimed property. In order to protect consumers, the legislature intends to prohibit acts and practices of retailers that deprive consumers of the full value of gift certificates, such as expiration dates, service fees, and dormancy and inactivity charges, on gift certificates. The legislature does not intend that chapter 168, Laws of 2004 be construed to apply to cards or other payment instruments issued for payment of wages or other intangible property. To that end, the legislature intends that chapter 168, Laws of 2004 should be liberally construed to benefit consumers and that any ambiguities should be resolved by applying the uniform unclaimed property act to the intangible property in question.
[2004 c 168 § 1.]
Sections: 19.240.005 19.240.010 19.240.020 19.240.030 19.240.040 19.240.050 19.240.060 19.240.070 19.240.080 19.240.090 19.240.100 19.240.110 19.240.900 NextLast modified: April 7, 2009