Section 38-13-206 - When stored-value card presumed abandoned

(1) Subject to section 38-13-210, the net value of a stored-value card other than a gift card is presumed abandoned on the latest of three years after:(a) December 31 of the year in which the card is issued or additional funds are deposited into it;(b) The most recent indication of interest in the card by the apparent owner; or(c) A verification or review of the balance by or on behalf of the apparent owner.(2) The amount presumed abandoned in a stored-value card is the net card value at the time it is presumed abandoned.Entire article repealed and reenacted with amendments by 2019 Ch. 110, § 1, eff. 7/1/2020.L. 2019: Entire article R&RE, (SB 19 -088), ch. 418, p. 418, § 1, effective 7/1/2020.