2014 New York Laws
GBS - General Business
Article 29-F - (580 - 596) GOING OUT OF BUSINESS SALES
580 - Purpose and intent.

  580.  Purpose and intent. It is hereby determined and declared that
  sales to be licensed and regulated pursuant to the  provisions  of  this
  article  have often been conducted and advertised in such a manner as to
  mislead and defraud the public and otherwise to result in  harm  to  the
  public  interest.  Such fraud and imposition on the public has included,
  by way  of  partial  enumeration  only:  the  misrepresentation  of  the
  condition  or  necessity  which  is  the  occasion  of  such  sale;  the
  misrepresentation of the identity of the person  conducting  such  sale,
  and  the  name  and  style  in  which  such sale is to be conducted; the
  misrepresentation that the goods offered at such  sale  are  selling  at
  sacrifice prices; the misrepresentation that the operator of the sale is
  selling merchandise on hand at the time when the necessity, which is the
  occasion  of such sale, arose, when in fact he is replenishing his stock
  with additional merchandise both prior to the  commencement  and  during
  the  conduct  of  such  sale  so  as to foist upon the public such added
  merchandise as though it were  part  of  the  original  stock;  and  the
  excessive  valuation  and misrepresentation of the quality, former price
  and ownership of the goods to be sold at such sale. In order to  prevent
  such  fraud  and imposition, the public interest requires the regulation
  of such sales and the duration  and  conduct  thereof;  and  the  public
  interest,  therefore  requires  that  no  such  sale should be conducted
  without a license or otherwise than in accordance with this article.