75-65-5 - Additions to stock in contemplation of closing out sale. - Mississippi Statutes

§ 75-65-5. Additions to stock in contemplation of closing out sale.
 

No person in contemplation of a closing-out sale under a permit as provided for in Section 75-65-3 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 sixty (60) days prior to the filing of application for a permit to conduct such sale shall be presumptive evidence that such purchases and additions to stock were made in contemplation of such sale. 
 

Sources: Codes, 1942, § 5152-03; Laws,  1966, ch. 392, § 3, eff from and after July 1, 1966.