The Vermont Statutes Online
Banking and Insurance
provided in this section, the provisions of this chapter shall not apply to the
(1) A loyalty,
award, or promotional gift certificate where no money or other thing of value
is given in exchange for the gift certificate, provided that the gift
certificate complies with section 2702a of this title.
promotional value of a loyalty, award, or promotional gift certificate issued
in exchange for paid value, provided that the gift certificate complies with
sections 2702 and 2702a of this title.
(3) A gift
certificate donated to a charitable organization and used for fund-raising
activities of a charitable organization, without any money or other thing of
value being given in exchange for the gift certificate by the charitable
organization, provided that the expiration date is clearly and legibly printed
on the gift certificate.
calling cards issued solely to provide an access number and authorization code
for prepaid calling services.
(5) A season
pass, a discount ski card, or a record sold for admission to any seasonal
(6) A payroll
card account issued pursuant to and in full compliance with 21 V.S.A. § 342(c).
(Added 2005, No. 39, § 1; amended 2009, No. 115 (Adj. Sess.), § 2, eff. May 21,
2010; 2011, No. 136 (Adj. Sess.), § 7, eff. May 18, 2012.)