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§ 6-102. “Bulk transfers”; transfers of equipment; enterprises subject to title; bulk transfers...

West's Annotated Code of MarylandCommercial Law

West's Annotated Code of Maryland
Commercial Law
Title 6. Bulk Transfers (Refs & Annos)
MD Code, Commercial Law, § 6-102
§ 6-102. “Bulk transfers”; transfers of equipment; enterprises subject to title; bulk transfers subject to title
(1) A “bulk transfer” is any transfer in bulk and not in the ordinary course of the transferor's business of a major part of the materials, supplies, merchandise or other inventory (§ 9-102) of an enterprise subject to this title.
(2) A transfer of a substantial part of the equipment (§ 9-102) of such an enterprise is a bulk transfer if it is made in connection with a bulk transfer of inventory, but not otherwise.
(3) The enterprises subject to this title are all those whose principal business is the sale of merchandise from stock, including those who manufacture what they sell, restaurants, and all vendors and sellers of alcoholic beverages, regardless of the form in which such beverages are sold, and regardless of whether sold on a wholesale or retail basis.
(4) Except as limited by the following section all bulk transfers of goods located within this State are subject to this title.

Credits

Added by Acts 1975, c. 49, § 2, eff. July 1, 1975. Amended by Acts 1976, c. 311; Acts 1984, c. 358; Acts 1988, c. 282; Acts 1999, c. 282, § 2, eff. July 1, 2001.
Formerly Art. 95B, § 6-102.
MD Code, Commercial Law, § 6-102, MD COML § 6-102
Current through legislation effective through May 9, 2024, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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