§ 6-14-9 - Additions to stock in contemplation of sale. - Rhode Island Statutes

SECTION 6-14-9

   § 6-14-9  Additions to stock incontemplation of sale. – No person, in contemplation of conducting a "closing out sale," "going out ofbusiness sale," "discontinuance of business sale," "selling out,""liquidation," "lost our lease," "must vacate," "forced out," "removal," or asale of other designation of like meaning, or a sale of goods, wares, andmerchandise damaged by fire, smoke, water, or otherwise, under a license asprovided for in §§ 6-14-3 – 6-14-6 shall order any goods, wares,or merchandise for the purpose of selling and disposing of the goods, wares, ormerchandise at the sale, and any unusual purchase and additions to the stock ofthe goods, wares, and merchandise within thirty (30) days prior to the filingof the application for license to conduct the sale mentioned in § 6-14-3shall be presumptive evidence that the purchases and additions to stock weremade in contemplation of the sale and for the purpose of selling the purchasesand additions to stock at the sale.