Creation of contract between card holder and issuer.

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54-11-9. Creation of contract between card holder and issuer.

The use of an accepted credit card or the issuance of a credit card agreement and the expiration of thirty days from the date of issuance without written notice from a card holder to cancel the account creates a binding contract between the card holder and the card issuer with reference to any accepted credit card, and any charges made with the authorization of the primary card holder.

Source: SL 1983, ch 365, §2.


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