§ 58-63. Inventory restrictions.  


Latest version.
  • (a)

    Bona fide orders. All goods included in the inventory of an applicant for a license under this article shall have been purchased by the applicant for resale on bona fide orders without cancellation privileges and shall not comprise goods purchased on consignment.

    (b)

    Goods purchased for sale. This inventory shall not include goods ordered in contemplation of conducting a sale regulated under this article. Any unusual purchase or additions to the stock of goods of the business affected by this article within 30 days before the filing of an application under this article shall be deemed to be of that character.

(Code 1977, § 14-5127)