421B.9 - SALES OUTSIDE ORDINARY CHANNELS OF BUSINESS -- EFFECT.
421B.9 SALES OUTSIDE ORDINARY CHANNELS OF BUSINESS -- EFFECT. In establishing the basic cost of cigarettes to a wholesaler or a retailer, it shall not be permissible to use the invoice cost or the actual cost of any cigarettes purchased at a forced, bankrupt, or close out sale, or other sale outside of the ordinary channels of trade.
Section History: Early Form [C50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, § 551A.9]
Section History: Recent Form C93, § 421B.9