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<section article="gcl" article_name="Commercial Law" number="11-1101" title_number="11" title_name="Trade Regulation" subtitle_number="11" subtitle_name="Distress Sales">
  <level label="a">
    <text>In this subtitle the following words have the meanings indicated.</text>
  </level>
  <level label="b">
    <level label="1">
      <text>“Advertise” means to publish, circulate, disseminate, or place before the public through any print or broadcast medium for the purpose of the sale of goods or services.</text>
    </level>
    <level label="2">
      <text>“Advertise” includes to advertise by outside or inside signs, handbills, or price tags.</text>
    </level>
  </level>
  <level label="c">
    <level label="1">
      <text>“Distress sale” means a sale that is conducted and represented through advertising that the sale is being held or required for reasons of:</text>
      <level label="i">
        <text>Economic or business distress;</text>
      </level>
      <level label="ii">
        <text>Inability to continue business at the same location; or</text>
      </level>
      <level label="iii">
        <text>Any expression that conveys to the public the information or belief that on disposal of the goods, the business will cease, be discontinued, vacated, transferred, or surrendered to a successor in business or a different principal owner and conducted under a new name.</text>
      </level>
    </level>
    <level label="2">
      <text>“Distress sale” includes:</text>
      <level label="i">
        <text>A “going out of business sale”, “closing out sale”, “liquidation sale”, “lost our lease sale”, or “must vacate sale”; or</text>
      </level>
      <level label="ii">
        <text>A sale of goods damaged by fire, smoke, or water.</text>
      </level>
    </level>
  </level>
  <level label="d">
    <level label="1">
      <text>“Person” means an individual, corporation, business trust, statutory trust, estate, trust, partnership, association, two or more persons having a joint or common interest, or any other legal or commercial entity.</text>
    </level>
    <level label="2">
      <text>“Person” includes a liquidation service.</text>
    </level>
  </level>
</section>
