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

     (1) The gift certificate is redeemable solely for goods or services provided in the state of Washington by artistic and cultural organizations;

     (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;

     (3) The expiration date is at least three years from the date the gift certificate is issued by the artistic and cultural organizations; and

     (4) The unused value of the gift certificate at the time of expiration accrues solely to the benefit of artistic and cultural organizations.

[2004 c 168 § 7.]