Oregon Statutes - Chapter 646A - Trade Regulation - Section 646A.100 - Definitions for ORS 646A.100 to 646A.110.

As used in ORS 646A.100 to 646A.110:

(1) “Affiliated business” means a business or business location that is directly or indirectly controlled by, or under common control with, the business location listed in the notice of a going out of business sale or that has a common ownership interest in the merchandise to be sold at the business location listed in the notice of the sale.

(2)(a) “Going out of business sale” means a sale or auction advertised or held out to the public as the disposal of merchandise in anticipation of cessation of business, including but not limited to a sale or auction advertised or held out to the public as a “going out of business sale,” a “closing out sale,” a “quitting business sale,” a “loss of lease sale,” a “must vacate sale,” a “liquidation sale,” a “bankruptcy sale,” a “sale to prevent bankruptcy” or another description suggesting price reduction due to the imminent closure of the business.

(b) “Going out of business sale” does not include a sale conducted by a bankruptcy trustee or a court-appointed receiver.

(3) “Merchandise” means goods, wares or other property or services capable of being the object of a sale regulated under ORS 646A.100 to 646A.110.

(4) “Notice of intent” means a notice filed with the Secretary of State that a person intends to conduct a going out of business sale.

(5) “Person” has the meaning given that term in ORS 646.605. [2007 c.820 §1]

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Last modified: August 7, 2008