HOUSE DOCKET, NO. 4176        FILED ON: 3/20/2009

HOUSE  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  No. 3865

The Commonwealth of Massachusetts

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In the Year Two Thousand 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.