2007 Senate Bill 388 / 2008 Public Act 208

Limit gift card expiration dates

Introduced in the Senate

March 29, 2007

Introduced by Sen. Nancy Cassis (R-15)

To modify the state law on unclaimed property to extend to gift cards its presumption that a gift certificate or credit memo that is not used within five years is considered "abandoned".

Referred to the Committee on Commerce and Tourism

June 6, 2007

Reported without amendment

With the recommendation that the substitute (S-2) be adopted and that the bill then pass.

June 12, 2007

Substitute offered

To replace the previous version of the bill with one that revises details but does not change the substance of the bill as previously described.

The substitute passed by voice vote

June 13, 2007

Passed in the Senate 37 to 0 (details)

To modify the state law on unclaimed property to extend to gift cards its presumption that a gift certificate or credit memo that is not used within five years is considered "abandoned." See also House Bill 4050, which establishes specific gift card regulations.

Received in the House

June 13, 2007

Referred to the Committee on Commerce

Oct. 30, 2007

Reported without amendment

With the recommendation that the substitute (H-1) be adopted and that the bill then pass.

Nov. 27, 2007

Substitute offered

The substitute failed by voice vote

Substitute offered by Rep. Andy Meisner (D-27)

To replace the previous version of the bill with one that modifies the presumption in the state law that gift cards not claimed within five years are considered abandoned to reflect the more detailed gift card regulations proposed by House Bill 4050.

The substitute passed by voice vote

Amendment offered by Rep. Dave Hildenbrand (R-86)

To establish that if passed the bill will go into effect on Sept. 30, 2008.

The amendment passed by voice vote

Nov. 28, 2007

Passed in the House 105 to 0 (details)

To modify the state law on unclaimed property to extend to gift cards its presumption that a gift certificate or credit memo that is not used within five years is considered "abandoned." See also House Bill 4050, which establishes specific gift card regulations.

Received in the Senate

Nov. 29, 2007

June 26, 2008

Passed in the Senate 37 to 0 (details)

Signed by Gov. Jennifer Granholm

July 10, 2008