§ 767. License for closing out sale--Application--Forms--Contents--Affidavits--Fees--Violations
Oklahoma Statutes AnnotatedTitle 15. Contracts
15 Okl.St.Ann. § 767
§ 767. License for closing out sale--Application--Forms--Contents--Affidavits--Fees--Violations
A. It shall be unlawful for any person to advertise or conduct a closing out sale unless a license is first obtained to conduct such sale. Any applicant for a closing out sale license shall file an application in writing and under oath with the clerk of the district court, on an application form prescribed by the Attorney General. The application form shall contain the following information, and such other information as the Attorney General may require:
6. A complete and detailed inventory of the goods, wares, and merchandise to be offered at the sale as disclosed by the records of the applicant or a statement of both the cost and retail value of the inventory of goods, wares, and merchandise to be offered at the sale, based on the physical inventory used for the most recent federal income tax returns adjusted for sales, purchases, and markdowns of the applicant. Adjustments for sales, purchases, and markdowns shall be shown on a monthly basis to the date of the application.
Credits
Laws 1979, c. 145, § 4, eff. Oct. 1, 1979. Laws 1983, c. 103, § 2, eff. Nov. 1, 1983; Laws 1997, c. 133, § 135, eff. July 1, 1999.
15 Okl. St. Ann. § 767, OK ST T. 15 § 767
Current with emergency effective legislation through Chapter 277 of the Second Regular Session of the 59th Legislature (2024). Some sections may be more current, see credits for details.
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