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The DC Code: § 47-2103 Purchase of new stocks for use on "closing-out sales" prohibited; presumption.

Index47 Taxation, Licensing, Permits, Assessments, and Fees. (Refs & Annos)

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.

Historical and Statutory

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. DC CODE § 47-2103 Current through December 11, 2012

Credits

(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.)