Skip Navigation Links
      RS 51:42     



§42. Definitions

            For purposes of this Part, the following terms shall have the meanings specified in this Section:

            (1) "Going-out-of-business sale" means any sale advertised, represented, or held forth as a sale to dispose of all goods as a means of ceasing to do business or changing business location. The term shall include a sale held under the designation of "going-out-of-business", "selling out", "liquidation", "lost our lease", "forced to vacate", "moving to a new location", "closing out sale", "store closing sale", or any other designation of like meaning. However, the term shall not include an end-of-the-season sale or a going-out-of-business sale limited to sale of a particular brand or line of goods.

            (2) "Goods" means goods, wares, or merchandise.

            (3) "Person" means an individual, partnership, voluntary association, or corporation.

            (4) "Promoter" means a person who performs or offers to perform any service to facilitate or assist in a going-out-of-business sale, including but not limited to advertising and sales.

            Acts 1995, No. 669, §1; Acts 2018, No. 374, §1, eff. July 1, 2018.

If you experience any technical difficulties navigating this website, click here to contact the webmaster.
P.O. Box 94062 (900 North Third Street) Baton Rouge, Louisiana 70804-9062