1333.35 Bankruptcy and receiver's sales definitions. - Ohio Statutes

1333.35 Bankruptcy and receiver's sales definitions.

As used in sections 1333.35 to 1333.37, inclusive, of the Revised Code:

(A) “Additional merchandise” means all goods, wares, and merchandise not part of bankruptcy or receivership proceedings.

(B) “Person” means an individual, corporation, partnership, association, or any unincorporated organization.

(C) “Bankruptcy sale” or “receiver’s sale” means any offer to sell to the public, or sale to the public of goods, wares, or merchandise upon the implied or direct holding out, or representation that such sale is being conducted under any one or combination of the following circumstances:

(1) That such sale is being conducted because of bankruptcy or receivership occurring on or at the premises.

(2) That, at the premises where a person suffered bankruptcy or receivership, such goods, wares, or merchandise are being offered for sale or sold to the public and the person conducting the sale acquired such goods, wares, or merchandise as a result of such bankruptcy or receivership.

Effective Date: 10-24-1961