Oklahoma § 15-796 Definitions.

Oklahoma Statutes

§ 15-796 — Definitions.

Oklahoma § 15-796

Title 15Contracts

This text of Oklahoma § 15-796 (Definitions.) is published on Counsel Stack Legal Research, covering Oklahoma primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Okla. Stat. tit. 15, § 15-796 (2026).

Text

As used in the Gift Certificate and Gift Card Disclosure Act: 1. “Gift card” shall mean a plastic card or other electronic payment device which is: a. issued in a predenominated amount or in an amount requested by the consumer, b. usable to purchase goods and/or services only at a single merchant or group of merchants that are affiliated through common corporate ownership or control, and c. purchased by a consumer on a prepaid basis in exchange for payment; 2. “Gift certificate” shall mean a written promise which is: a. issued in a specified amount, indicated on its face, and cannot be increased in value, b. usable to purchase goods and/or services only at a single merchant or a group of merchants that are affiliated through common corporate ownership or control, and c. purchased by a cons

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As used in the Gift Certificate and Gift Card Disclosure Act: 1. “Gift card” shall mean a plastic card or other electronic payment device which is: a. issued in a predenominated amount or in an amount requested by the consumer, b. usable to purchase goods and/or services only at a single merchant or group of merchants that are affiliated through common corporate ownership or control, and c. purchased by a consumer on a prepaid basis in exchange for payment; 2. “Gift certificate” shall mean a written promise which is: a. issued in a specified amount, indicated on its face, and cannot be increased in value, b. usable to purchase goods and/or services only at a single merchant or a group of merchants that are affiliated through common corporate ownership or control, and c. purchased by a consumer on a prepaid basis in exchange for payment; 3. “Issuer” shall mean a person or entity engaged in the business of offering goods and/or services for sale at retail who sells gift certificates or gift cards to consumers; and 4. “Prepaid service arrangement” shall mean a method to purchase specific services in advance and which enables the use of the service through a unique access number or authorization code provided manually or electronically to the service provider.