Code of Alabama
Chapter 13 - Going Out of Business or Distress Merchandise Sales.
Section 8-13-17 - Sale Limited to Inventoried Stock; Additions to Inventory.

(a) During any going out of business sale or distress merchandise sale, it shall be unlawful for a licensee to sell, offer for sale, or advertise for sale any goods, wares, or merchandise which were not included in the inventory filed with his application or added to his stock as permitted in this section.
(b) During any licensed going out of business sale or distress merchandise sale, no additions shall be made to the stock of merchandise set forth in the inventory attached to the application for the license; provided, however, that the applicant may add new stock not to exceed 10 percent of the dollar value of the inventory of goods, wares, or merchandise on hand as shown in the inventory attached to the application filed pursuant to this chapter; and provided further, that the addition of 10 percent shall include the goods, wares, or merchandise on order as shown in the application. The purpose of said additions to inventory shall be only to maintain reasonably balanced selections.

Structure Code of Alabama

Code of Alabama

Title 8 - Commercial Law and Consumer Protection.

Chapter 13 - Going Out of Business or Distress Merchandise Sales.

Section 8-13-1 - Definitions.

Section 8-13-2 - License - Required; Display on Premises of Sale; Display of License Number and Date of Issuance in Advertising.

Section 8-13-3 - License - Application.

Section 8-13-4 - License - Bond Required of Applicant.

Section 8-13-5 - License - Public Hearing on Application.

Section 8-13-6 - License - Investigation; Investigation Fee; Cost of Independent Audit; Applicant's Refusal to Pay Investigation Fee and Costs.

Section 8-13-7 - License - License Issued Only to Bona Fide Merchant.

Section 8-13-8 - License - Fee Generally; Renewal Fee; Issuing Fee; Costs of Investigation and Public Hearing.

Section 8-13-9 - License - When Probate Judge to Issue License.

Section 8-13-10 - License - Restrictions on Issuance.

Section 8-13-11 - License - Surrender of Business Licenses.

Section 8-13-12 - License - Duration of License; Sale Prohibited Between November 15 and December 31; Extension of License.

Section 8-13-13 - License - Revocation or Suspension.

Section 8-13-14 - Use of Trade, Business or Firm Name of Licensee After Issuance of License.

Section 8-13-15 - Sales to Be Held Only at Regular Store Hours; Exceptions.

Section 8-13-16 - Advertising.

Section 8-13-17 - Sale Limited to Inventoried Stock; Additions to Inventory.

Section 8-13-18 - Daily Report of Merchandise Received; Failure to Report Ground for License Revocation.

Section 8-13-20 - False Bidders, etc., Prohibited.

Section 8-13-21 - Licensee to Be in Continuous Attendance at Sale; Licensee Responsible for Violations of Chapter.

Section 8-13-22 - Penalties for Violation of Chapter; Each Sale, etc., Constitutes Separate Offense.

Section 8-13-23 - Chapter Not Applicable to Certain Sales.