Bill Text: MA H3865 | 2009-2010 | 186th General Court | Introduced

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Bill Title: That sellers of gift certificates be required to maintain separate bank escrow accounts to ensure reimbursement to holders of such certificates

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2009-01-20 - Public Hearing date 5/12 at 10:00 AM in Hearing Room B2 [H3865 Detail]

Download: Massachusetts-2009-H3865-Introduced.html

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The Commonwealth of Massachusetts

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PRESENTED BY:

John D. Keenan

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To the Honorable Senate and House of Representatives of the Commonwealth of Massachusetts in General
                Court assembled:

                The undersigned legislators and/or citizens respectfully petition for the passage of the accompanying bill:

An Act relative to gift certificates.

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PETITION OF:

 

Name:	District/Address:
John D. Keenan	7th Essex
Kathi-Anne Reinstein	16th Suffolk

 

The Commonwealth of Massachusetts

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In the Year Two Thousand and Nine

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An Act relative to gift certificates.

                Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority of the same, as follows:

SECTION 1.  Chapter 255D of the General laws is hereby amended by adding the following section:-

Section 33.  Whoever sells gift certificates shall maintain a bank escrow account segregated from its other assets sufficient to reimburse holders of such certificates.

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