---
urn: urn:us-la:rs:51:42
citation: "R.S. 51:42"
status: active
breadcrumb: "Title 51 › Chapter 1 › Part II-A"
acts_citations:
  - { year: 1995, number: 669, section: 1, effective_date: null, role: enactment }
  - { year: 2018, number: 374, section: 1, effective_date: 2018-07-01, role: amendment }
---

# Definitions

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.