bulk sales laws


bulk sales laws
USA
bulk sales laws, Also known as bulk transfer laws.
These are state laws which require, among other things, a buyer to give notice to the seller's creditors if it is acquiring a significant portion of the seller's business or assets. Most states have repealed bulk sales laws altogether, while a few have adopted a revised version of them.

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

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