Usufruct
R.S. 51:42

Definitions ACTIVE

For purposes of this Part, the following terms shall have the meanings specified in this Section:

(1) "Going-out-of-business sale" means any sale advertised, represented, or held forth as a sale to dispose of all goods as a means of ceasing to do business or changing business location. The term shall include a sale held under the designation of "going-out-of-business", "selling out", "liquidation", "lost our lease", "forced to vacate", "moving to a new location", "closing out sale", "store closing sale", or any other designation of like meaning. However, the term shall not include an end-of-the-season sale or a going-out-of-business sale limited to sale of a particular brand or line of goods.

(2) "Goods" means goods, wares, or merchandise.

(3) "Person" means an individual, partnership, voluntary association, or corporation.

(4) "Promoter" means a person who performs or offers to perform any service to facilitate or assist in a going-out-of-business sale, including but not limited to advertising and sales.

Actions

JSON Markdown Source (legis.la.gov)

References

None.

Cited by

None.

History

  • enactment Acts 1995, No. 669, §1
  • amendment Acts 2018, No. 374, §1, eff. July 1, 2018

Section navigation

Cite R.S. 51:42

Bluebook
La. Rev. Stat. Ann. § 51:42 (2026).
Permalink
https://theusufruct.com/rs/title-51/section-42
BibTeX
@misc{larevstat-51-42,
  title        = {La. Rev. Stat. Ann. § 51:42},
  howpublished = {Louisiana Revised Statutes},
  year         = {2026},
  url          = {https://theusufruct.com/rs/title-51/section-42},
  note         = {Snapshot 2026-05-22}
}