§ 51-06-02 — Retention of redemption funds

Any person, firm, corporation, limited liability company, or association furnishing trading
stamps to retailers and agreeing to redeem trading stamps as provided in this chapter may not
discontinue the redemption of trading stamps without first notifying the secretary of state of such
intention to discontinue redemption. Upon such notice, the secretary of state shall direct that all
funds set aside by the person, firm, corporation, limited liability company, or association for the
redemption of trading stamps and such additional funds as in the judgment of the secretary of
state may be necessary, be retained by such person, firm, corporation, limited liability company,
or association responsible for the redemption of trading stamps for a period of six months for the
purpose of redeeming outstanding stamps in merchandise or reimbursing the holders thereof in
cash. The secretary of state may require the filing of an acceptable surety bond conditioned
upon the redemption of outstanding trading stamps or the reimbursement of the holders thereof.