§ 570 — Definitions as used in this article

§ 570. Definitions as used in this article. 1. "Trading stamp" means\nany stamp or similar device issued in connection with the retail sale of\nmerchandise or service, as a cash discount or for any other marketing\npurpose, which entitles the rightful holder, on its due presentation for\nredemption, to receive merchandise, service or cash. "Trading stamp"\nshall not mean any redeemable device used by the manufacturer or packer\nof an article in advertising or selling it, or any redeemable device\nissued and redeemed by a non-profit membership corporation for the\nbenefit of its members only, or any redeemable device issued and\nredeemed by a newspaper, magazine or other publication.\n 2. "Trading stamp company" means any person engaged in distributing\ntrading stamps for retail issuance by others, or in redeeming trading\nstamps for retailers, in any manner.\n 3. "Person" means any individual, partnership, corporation,\nassociation or other organization.\n 4. "Secretary" means the secretary of state.\n