Statute · New York General Business Law
N.Y. Gen. Bus. Law § 571 — Declared face value; cash redemption
N.Y. Gen. Bus. Law § 571
- Type
- Statute
- Source
- New York General Business Law
- Jurisdiction
- New York
- Current through
- Nov 5, 2026 (NY Senate Open Legislation)
§ 571. Declared face value; cash redemption. No trading stamp company shall advertise, distribute or redeem trading stamps hereafter issued in this state unless:
Citator
N.Y. Gen. Bus. Law § 571 — Declared face value; cash redemption is in force in the current edition of the Code, and nothing recorded condemns it.
§ 571. Declared face value; cash redemption. No trading stamp company shall advertise, distribute or redeem trading stamps hereafter issued in this state unless:
1. Each stamp has legibly printed upon its face a cash value determined by the company in cents or any fraction thereof, and
2. The rightful holders may, at their option, redeem the stamps in cash when duly presented to the company for redemption in a number having an aggregate cash value of not less than one dollar.