STATE OF OKLAHOMA

1st Session of the 53rd Legislature (2011)

HOUSE BILL 1522	By:	Nollan

AS INTRODUCED

An Act relating to contracts; amending 15 O.S. 2001, Section 598.6, which relates to sales below cost; providing exemption for certain sales; and providing an effective date.

BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLAHOMA:
SECTION 1.     AMENDATORY     15 O.S. 2001, Section 598.6, is amended to read as follows:
Section 598.6  The provisions of this act shall not apply to sales at retail or sales at wholesale.:
(a) 1.  Where seasonable merchandise is sold in bona fide clearance sales, if advertised marked, and sold as such;
(b) 2.  Where perishable merchandise must be sold promptly in order to forestall loss;
(c) 3.  Where merchandise is imperfect or damaged or is being discontinued and is advertised, marked and sold as such;
(d) 4.  Where merchandise is sold upon the final liquidation of any business;
(e) 5.  Where merchandise is sold for charitable purposes or to relief agencies;
(f) 6.  Where merchandise is sold on contract to departments of the government or governmental institutions;
(g) 7.  Where merchandise is sold by any officer acting under the order or direction of any court;
(h) 8.  Where merchandise is sold at any bona fide auction sale; and 
9.  Where merchandise is sold as part of a bona fide promotional event, if advertised, marked and sold as such.
SECTION 2.  This act shall become effective November 1, 2011.

53-1-6193	CJB	01/14/11