442.221 Conduct of sales; purchase of goods prior to sale prohibited; evidence.
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442.221 Conduct of sales; purchase of goods prior to sale prohibited; evidence.
Sec. 11.
No person in contemplation of conducting an insurance, bankrupt, mortgage, insolvent, assignee's, executor's, administrator's, receiver's, trustee's, removal or going out of business sale, or a sale of goods damaged by fire, smoke, water or otherwise, under a license as provided in this act shall order any goods for the purpose of selling and disposing of the same at such sale. Any unusual purchase and additions to the stock of goods within 60 days prior to the filing of the application for license to conduct the sale shall be presumptive evidence that the purchases and additions to stock were made in contemplation of the sale and for the purpose of selling the same at the sale.
History: 1961, Act 39, Eff. Sept. 8, 1961