State Codes and Statutes

Statutes > District-of-columbia > Division-viii > Title-47 > Chapter-21 > Section-47-2103

Purchase of new stocks for use on "closing-out sales" prohibited; presumption

No person in contemplation of a closing-out sale shall order any goods, wares, or merchandise for the purpose of selling and disposing of the same at such sale, and any unusual purchase and additions to the stock of such goods, wares, or merchandise within 60 days prior to the filing of application for a license to conduct such sale shall be presumptive evidence that such purchases and additions to stock were made in contemplation of such sale.

CREDIT(S)

(Sept. 1, 1959, 73 Stat. 450, Pub. L. 86-219, § 3; enacted, Apr. 9, 1997, D.C. Law 11-254, § 2, 44 DCR 1575; Apr. 20, 1999, D.C. Law 12-261, § 2003(pp)(2), 46 DCR 3142.)

HISTORICAL AND STATUTORY NOTES

Prior Codifications
1981 Ed., § 47-2103.
1973 Ed., § 47-3003.
Legislative History of Laws
For legislative history of D.C. Law 12-261, see Historical and Statutory Notes following § 47-2102.

Current through September 13, 2012

State Codes and Statutes

Statutes > District-of-columbia > Division-viii > Title-47 > Chapter-21 > Section-47-2103

Purchase of new stocks for use on "closing-out sales" prohibited; presumption

No person in contemplation of a closing-out sale shall order any goods, wares, or merchandise for the purpose of selling and disposing of the same at such sale, and any unusual purchase and additions to the stock of such goods, wares, or merchandise within 60 days prior to the filing of application for a license to conduct such sale shall be presumptive evidence that such purchases and additions to stock were made in contemplation of such sale.

CREDIT(S)

(Sept. 1, 1959, 73 Stat. 450, Pub. L. 86-219, § 3; enacted, Apr. 9, 1997, D.C. Law 11-254, § 2, 44 DCR 1575; Apr. 20, 1999, D.C. Law 12-261, § 2003(pp)(2), 46 DCR 3142.)

HISTORICAL AND STATUTORY NOTES

Prior Codifications
1981 Ed., § 47-2103.
1973 Ed., § 47-3003.
Legislative History of Laws
For legislative history of D.C. Law 12-261, see Historical and Statutory Notes following § 47-2102.

Current through September 13, 2012


State Codes and Statutes

State Codes and Statutes

Statutes > District-of-columbia > Division-viii > Title-47 > Chapter-21 > Section-47-2103

Purchase of new stocks for use on "closing-out sales" prohibited; presumption

No person in contemplation of a closing-out sale shall order any goods, wares, or merchandise for the purpose of selling and disposing of the same at such sale, and any unusual purchase and additions to the stock of such goods, wares, or merchandise within 60 days prior to the filing of application for a license to conduct such sale shall be presumptive evidence that such purchases and additions to stock were made in contemplation of such sale.

CREDIT(S)

(Sept. 1, 1959, 73 Stat. 450, Pub. L. 86-219, § 3; enacted, Apr. 9, 1997, D.C. Law 11-254, § 2, 44 DCR 1575; Apr. 20, 1999, D.C. Law 12-261, § 2003(pp)(2), 46 DCR 3142.)

HISTORICAL AND STATUTORY NOTES

Prior Codifications
1981 Ed., § 47-2103.
1973 Ed., § 47-3003.
Legislative History of Laws
For legislative history of D.C. Law 12-261, see Historical and Statutory Notes following § 47-2102.

Current through September 13, 2012