It is unlawful for any person to issue coupons unless there shall be specified in or upon such coupons, specifically or by class, the person by whom or with whom such coupon is exchangeable or redeemable, and unless such person specified is either:
(a) The person issuing such coupon
(b) Member or members of an association issuing such coupon which association shall be a bona fide organization in existence for a period of at least six months prior to issuing such coupon. The name and address by street and number of the principal place of business of the association shall also be specified in or upon such coupon
(c) A person engaged in the business of issuing coupons for use or distribution by itself or by other persons.
(Added by Stats. 1941, Ch. 64.)