ORS 646A.100
Definitions for ORS 646A.100 to 646A.110
(1)
“Affiliated business” means a business or business location that is directly or indirectly controlled by, or under common control with, the business location listed in a notice of intent or that has a common ownership interest in the merchandise to be sold at the business location listed in the notice of intent.(2)
Intentionally left blank —Ed.(a)
“Going out of business sale” means a sale or auction advertised or held out to the public as the disposal of merchandise in anticipation of cessation of business, including but not limited to a sale or auction advertised or held out to the public as a “going out of business sale,” a “closing out sale,” a “quitting business sale,” a “loss of lease sale,” a “must vacate sale,” a “liquidation sale,” a “bankruptcy sale,” a “sale to prevent bankruptcy” or another description that suggests a price reduction in anticipation of the imminent closure of the business.(b)
“Going out of business sale” does not include a sale conducted by a bankruptcy trustee or a court-appointed receiver.(3)
“Merchandise” means goods, wares or other property or services.(4)
“Notice of intent” means a public notice with the information specified in ORS 646A.104 (Information required in notice of intent) from a person that intends to conduct a going out of business sale.(5)
“Person” has the meaning given that term in ORS 646.605 (Definitions for ORS 336.184 and 646.605 to 646.652). [2007 c.820 §1; 2015 c.277 §1]
Source:
Section 646A.100 — Definitions for ORS 646A.100 to 646A.110, https://www.oregonlegislature.gov/bills_laws/ors/ors646A.html.
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