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]Section: Previous 646A.070 646A.072 646A.080 646A.085 646A.090 646A.095 646A.097 646A.100 646A.102 646A.104 646A.106 646A.108 646A.110 646A.112 646A.120 Next
Last modified: August 7, 2008