75-23-21 - Determination of cost of cigarettes purchased outside of ordinary channels of trade.
§ 75-23-21. Determination of cost of cigarettes purchased outside of ordinary channels of trade.
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 closeout sale, or other sale outside of the ordinary channels of trade.
Sources: Codes, 1942, § 1108.5-11; Laws, 1954, ch. 380, § 11.