Redemption of Gift Certificates
In Pennsylvania, gift certificates unredeemed for two years after the expiration of their redemption period, or five years from the date of issuance if they contain no expiration date, are presumed abandoned and escheat to the state. Escheat laws require that unclaimed property be turned over to the state after a certain period of time. However, gift certificates are not considered property and therefore not subject to the escheat laws.
Pennsylvania law holds that gift certificates are written contracts to perform a service or deliver a good by a specified date upon presentation of the certificate. However, should such a certificate expire (ie. contract expire), the issuer has no legal obligation to perform the service or deliver the product after the expiration period.
Eric MacCluen Golf LLC gift certificates have an expiration date of 1 year from the date of issue (ie. redemption period of 1 year). Eric MacCluen will continue to honor gift certificates for up to 3 years from the date of issue or "two years after the expiration of their redemption period". After 3 years from the date of issue, Eric MacCluen Golf LCC gift certificates will be considered abandoned and no longer valid for redemption.
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