41-729. Retail sales at less than cost; permit required.

41-729

Chapter 41.--INTOXICATING LIQUORS AND BEVERAGES
Article 7.--CERTAIN PROHIBITED ACTS AND PENALTIES

      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.