3rd Circ. Upholds Blocks On NJ Gift Card Transfer Law

Law360, New York (January 9, 2012, 7:42 PM EST) -- The Third Circuit on Thursday upheld rulings that temporarily blocked portions of a New Jersey law governing the transfer of unused gift cards and traveler's checks to the state, though it left untouched the statute's consumer data collection provision.

A three-judge panel issued two opinions regarding 2010 N.J. Laws Chapter 25, a law mandating that issuers of gift cards and traveler's checks transfer the remaining value of the items to the state for safekeeping when consumers have left them unused for two and three years, respectively....
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