§ 13-101. Definitions

   (a) In general. -- In this title the following words have the meanings indicated.

(b) Trading stamp. --

   (1) "Trading stamp" means a stamp or other similar device issued in connection with the retail sale of goods or services, as a cash discount or for any other marketing purpose, that is redeemable for cash, goods, or services.

   (2) "Trading stamp" does not include a redeemable device that:

      (i) a manufacturer or packer of an article uses to advertise or sell the article; or

      (ii) a magazine, newspaper, or other publication issues and redeems.

(c) Trading stamp company. -- "Trading stamp company" means a person who, in any way:

   (1) distributes trading stamps for retail issuance by others; or

   (2) redeems trading stamps for retailers.

HISTORY: An. Code 1957, art. 56, § 239; 1992, ch. 4, § 2.