Okla. Stat. tit. 15, § 15-796
This is the official text of Okla. Stat. tit. 15, § 15-796, part of Oklahoma’s Stat. tit. 15, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 15,." Browse the sections below, each linked to its official government source.
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Definitions
Official statutory text
As used in the Gift Certificate and Gift Card Disclosure Act:
1. “Gift card” shall mean a plastic card or other electronic
payment device which is:
a. issued in a predenominated amount or in an amount
requested by the consumer,
b. usable to purchase goods and/or services only at a
single merchant or group of merchants that are
affiliated through common corporate ownership or
control, and
c. purchased by a consumer on a prepaid basis in exchange
for payment;
2. “Gift certificate” shall mean a written promise which is:
a. issued in a specified amount, indicated on its face,
and cannot be increased in value,
b. usable to purchase goods and/or services only at a
single merchant or a group of merchants that are
affiliated through common corporate ownership or
control, and
c. purchased by a consumer on a prepaid basis in exchange
for payment;
3. “Issuer” shall mean a person or entity engaged in the
business of offering goods and/or services for sale at retail who
sells gift certificates or gift cards to consumers; and
4. “Prepaid service arrangement” shall mean a method to
purchase specific services in advance and which enables the use of
the service through a unique access number or authorization code
provided manually or electronically to the service provider.
Oklahoma Statutes - Title 15. Contracts Page 200
1. “Gift card” shall mean a plastic card or other electronic
payment device which is:
a. issued in a predenominated amount or in an amount
requested by the consumer,
b. usable to purchase goods and/or services only at a
single merchant or group of merchants that are
affiliated through common corporate ownership or
control, and
c. purchased by a consumer on a prepaid basis in exchange
for payment;
2. “Gift certificate” shall mean a written promise which is:
a. issued in a specified amount, indicated on its face,
and cannot be increased in value,
b. usable to purchase goods and/or services only at a
single merchant or a group of merchants that are
affiliated through common corporate ownership or
control, and
c. purchased by a consumer on a prepaid basis in exchange
for payment;
3. “Issuer” shall mean a person or entity engaged in the
business of offering goods and/or services for sale at retail who
sells gift certificates or gift cards to consumers; and
4. “Prepaid service arrangement” shall mean a method to
purchase specific services in advance and which enables the use of
the service through a unique access number or authorization code
provided manually or electronically to the service provider.
Oklahoma Statutes - Title 15. Contracts Page 200
Status: in_force · Read it on the official government site
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