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Subject:
Litigation over New Jersey Record keeping requirements and other matters
From:
David Gaynon <[log in to unmask]>
Reply To:
Records Management Program <[log in to unmask]>
Date:
Thu, 10 Feb 2011 09:06:56 -0800
Content-Type:
text/plain
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It must be a sign of the times -- New Jersey apparently has passed a law that deems any unredeemed store gift cards to be abandoned property that may in certain circumstances need to be turned over to the state. The law requires that firms have or develop a system of collecting zip code information from purchasers.  Naturally there is litigation surrounding this.  See this announcement from the State Treasurer's office for more information  http://tinyurl.com/4ffnymo

David B. Gaynon
[log in to unmask]
Huntington Beach CA, USA



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