§ 11-502. Exemptions
West's Annotated Code of MarylandCommercial Law
MD Code, Commercial Law, § 11-502
§ 11-502. Exemptions
(c) In calculating the basic cost of cigarettes purchased at a sale under subsection (a)(1) through (4) of this section or at any other sale outside the ordinary channels of trade, a retailer or wholesaler shall use, instead of invoice costs, the replacement cost of the cigarettes based on the quantity last purchased by him through the ordinary channels of trade.
Credits
Added by Acts 1975, c. 49, § 3, eff. July 1, 1975. Amended by Acts 2013, c. 43, § 5.
Formerly Art. 83, § 121.
MD Code, Commercial Law, § 11-502, MD COML § 11-502
Current through legislation effective through April 9, 2023, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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