13-5-10. Cost -- Purchase price at forced sales.
In establishing the cost of a given article, product or commodity to the distributor and
vendor, the invoice cost of said article, product or commodity purchased at a forced, bankrupt,
closeout sale or other sale outside of the ordinary channels of trade may not be used as a basis for
justifying a price lower than one based upon the replacement cost as of the date of said sale of
said article, product or commodity replaced through the ordinary channels of trade, unless said
articles, product or commodity is kept separate from goods purchased in the ordinary channels of
trade and unless said article, product or commodity is advertised and sold as merchandise
purchased at a forced, bankrupt, closeout sale, or by means other than through the ordinary
channels of trade, and said advertising shall state the conditions under which said goods were so
purchased, and the quantity of such merchandise to be sold or offered for sale.
No Change Since 1953
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Last revised: Thursday, May 01, 2008