41-729. Retail sales at less than cost; permit required.
41-729
41-729. Retail sales at less than cost; permit required.(a) No retailer shall sell, directly orindirectly, any alcoholic liquor at less than the acquisition cost of suchliquor without first having obtained from the director a permit to do so.
(b) The director may issue to a licensed retailer a permit authorizingthe retailer to sell alcoholic liquor at less than theacquisition act of such liquor if:
(1) The retailer is actually closing out the retailer'sstock for the purpose of completely discontinuing sale of the item ofalcoholic liquor for a period of not less than 12 months;
(2) the item of alcoholic liquor is damaged or deteriorated in qualityand notice is given to the public thereof; or
(3) the sale of the item of alcoholic liquor is by an officer actingunder the order of a court.
History: L. 1987, ch. 182, § 137; April 30.