§ 24-4-2-2 — Redemption in lawful money by seller or issuer; minimum redemption

Any person who shall sell or issue to any person
engaged in any trade, business, or profession, any stamp, trading stamp,
cash discount stamp, check, ticket, coupon, or other similar device
which will entitle the holder, on presentation, either singly or in
definite number, to receive either directly from the vendor or indirectly
through any other person, money, goods, wares, or merchandise, shall
upon presentation redeem the same either in goods, wares, or
merchandise, or in lawful money of the United States, at the option of
the holder, at the value in lawful money printed on the face, if the same
be presented for redemption in number or quantity aggregating in
money value not less than five cents ($0.05) in each lot.
Formerly: Acts 1913, c.299, s.2. As amended by P.L.137-2021,
SEC.3.