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Seafood Restaurant Virginia Beach

I have a $20 gift certificate from chain restaurant located in Virginia Beach VA, dated 12/24/95, has no expiration date. I presented it and denied acceptance. Are the current owners obligated to accept certificate for full face value? Since certificate was issued chain has changed owners twice.
Virgina law states:

55-210.8:1. Gift certificates and credit balances.

A. Except as described in subsection B, a gift certificate or credit balance issued in the ordinary course of the issuer's business that has remained unclaimed by the owner for more than five years after becoming payable is presumed abandoned.

B. The following property is exempt from the provisions of this chapter and shall not be assessed by the administrator as unclaimed property: (i) credit balances payable to a business association, (ii) outstanding checks resulting from or attributable to the sale of goods or services to a business association, (iii) promotional incentives, and (iv) credits, gift certificates, coupons, layaways, and similar items, provided such credits, gift certificates, coupons, layaways, and similar items are redeemable in merchandise, in services, or through future purchases.

(1983, c. 190; 1988, cc. 595, 643; 2000, cc. 733, 745.)

No fine print, paper certificate, signed by management of corporation D&D Seafood Co. Inc. Virginia Beach, VA