District of Columbia § 47-2103 Purchase of new stocks for use on “closing-out sales” prohibited; presumption.

District of Columbia Statutes

§ 47-2103 — Purchase of new stocks for use on “closing-out sales” prohibited; presumption.

District of Columbia § 47-2103

Title 47Taxation, Licensing, Permits, Assessments, and Fees. [Enacted title]

Ch. 21Closing-Out Sales.

This text of District of Columbia § 47-2103 (Purchase of new stocks for use on “closing-out sales” prohibited; presumption.) is published on Counsel Stack Legal Research, covering District of Columbia primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

D.C. Code § 47-2103 (2026).

Text

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.

Free access — add to your briefcase to read the full text and ask questions with AI

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.

Legislative History

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