17.81 – DEFINITION. In this chapter "going out of business
Texas Business and Commerce Code § 17.81
Summary
This section defines what constitutes a 'going out of business sale,' which is a public sale of goods indicating the business will cease operations. It applies to businesses making such representations through advertising in a specified geographic area.
Defines 'going out of business sale' for legal clarity.
Applies to businesses closing operations in a county and adjacent areas.
Requires clear advertising of the sale's intent to cease operations.
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In simple terms: Learn about Texas's DEFINITION. In this chapter "going out of business law, including definitions, penalties, and legal implications.. This means people must follow this rule, and breaking it can lead to criminal penalties.
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