It is lawful to issue, and to enforce against the bearer, a gift certificate containing an expiration date if:

     (1) The gift certificate is donated to a charitable organization and is used for fund-raising activities of a charitable organization, without any money or other thing of value being given in exchange for the gift certificate by the charitable organization;

     (2) The expiration date is clearly and legibly printed on the front or face of the gift certificate, or printed on the back of the certificate in at least ten-point font; and

     (3) The expiration date is at least one year from the date the gift certificate is issued by the charitable organization.

[2004 c 168 § 6.]