(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
Title 8 - Commercial Law and Consumer Protection.
Chapter 13 - Going Out of Business or Distress Merchandise Sales.
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 8-13-7 - License - License Issued Only to Bona Fide Merchant.
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 8-13-13 - 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 8-13-20 - False Bidders, etc., Prohibited.
Section 8-13-22 - Penalties for Violation of Chapter; Each Sale, etc., Constitutes Separate Offense.