TRADE AND COMMERCE
REGULATION OF BUSINESS PRACTICES FOR CONSUMER PROTECTION
As used in this chapter, the following terms shall have the following meaning:
I. "Person" shall include, where applicable, natural persons, corporations, trusts, partnerships, incorporated or unincorporated associations, and any other legal entity.
II. "Trade" and "commerce" shall include the advertising, offering for sale, sale, or distribution of any services and any property, tangible or intangible, real, personal or mixed, and any other article, commodity, or thing of value wherever situate, and shall include any trade or commerce directly or indirectly affecting the people of this state.
III. "Documentary material" shall include the original or a copy of any book, record, report, memorandum, paper, communication, tabulation, map, chart, photograph, mechanical transcription, or other tangible document or recording, wherever situate.
IV. "Examination of documentary material" shall include the inspection, study, or copying of any such material, and the taking of testimony under oath or acknowledgement in respect of any such documentary material or copy thereof.
" means a promise given in exchange for payment to provide the bearer, upon presentation, goods or services in a specified amount.
V. "Going out of business sale" means any sale advertised, represented or held forth under the designation of: "going out of business," "close out," "quitting business," "discontinuance of business," "selling out," "liquidation," "lost our lease," "must vacate," "forced out," "removal," "branch store discontinuance sale," "building coming down," "end," "final days," "last days," "lease expires," "we give up sale," "we quit sale," "reorganization sale," or any other advertising or designation by any other expression similar to any of the foregoing giving notice to the public that the sale will precede the termination of a business or the abandonment of a business location.
Source. 1970, 19:1. 1994, 226:1. 2003, 193:1, eff. Jan. 1, 2004. 2017, 105:2, eff. Jan. 1, 2018.