§ 570. Definitions as used in this article. 1. "Trading stamp" means
any stamp or similar device issued in connection with the retail sale of
merchandise or service, as a cash discount or for any other marketing
purpose, which entitles the rightful holder, on its due presentation for
redemption, to receive merchandise, service or cash. "Trading stamp"
shall not mean any redeemable device used by the manufacturer or packer
of an article in advertising or selling it, or any redeemable device
issued and redeemed by a non-profit membership corporation for the
benefit of its members only, or any redeemable device issued and
redeemed by a newspaper, magazine or other publication.
2. "Trading stamp company" means any person engaged in distributing
trading stamps for retail issuance by others, or in redeeming trading
stamps for retailers, in any manner.
3. "Person" means any individual, partnership, corporation,
association or other organization.
4. "Secretary" means the secretary of state.