US Laws, Codes, Statutes & Cases

     325D.05 Bankrupt sales not to be considered in fixing 
  costs.  

    In establishing the cost of a given article, goods, wares, 
 or merchandise to the vendor, the invoice cost of the article, 
 goods, wares, or merchandise purchased at a forced, bankrupt, 
 closeout, 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 date of the sale 
 of the article, goods, wares, or merchandise replaced through 
 the ordinary channels of trade, unless the article, goods, 
 wares, or merchandise is kept separate from goods purchased in 
 the ordinary channels of trade and unless the article, goods, 
 wares, or merchandise is advertised and sold as merchandise 
 purchased at a forced, bankrupt, or closeout sale, or by means 
 other than through the ordinary channels of trade, and the 
 advertising shall state the conditions under which the goods 
 were so purchased and the quantity of such merchandise to be 
 sold or offered for sale.  

    HIST: (3976-43) 1937 c 116 pt 2 s 4 

Copyright 2005 by the Office of Revisor of Statutes, State of Minnesota.