§481-4  Purchase at forced or bankrupt
sales.  In establishing the cost of a given article or product to the
distributor and vendor, the invoice cost of the article or product purchased at
a forced, bankrupt, closeout sale or other sale outside of the ordinary
channels of trade may not be used as a basis for justifying a price lower than
one based upon the replacement costs as of date of the sale of the article or
product replaced through the ordinary channels of trade, unless the article or
product is kept separate from goods purchased in the ordinary channels of trade
and unless the article or product is advertised and sold as merchandise
purchased at a forced, bankrupt, closeout sale, or by means other than through
the ordinary channels of trade, and the advertising shall state the conditions
under which the goods were so purchased, and the quantity of the merchandise to
be sold or offered for sale. [L 1937, c 223, §4; RL 1945, §9324; RL 1955,
§205-5; HRS §481-4]