No person shall advertise or otherwise represent, for sale, or sell, any goods as a bankruptcy, executor‘s, administrator’s, receiver’s, or trustee‘s sale, except pursuant to, and in compliance with, federal or state statutory authority or judicial process, or as an assignee’s or insolvent sale except where there is a bona fide assignment for the benefit of creditors.
History: Created 1966 Ky. Acts ch. 60, sec. 5.

Terms Used In Kentucky Statutes 365.450

  • Bankruptcy: Refers to statutes and judicial proceedings involving persons or businesses that cannot pay their debts and seek the assistance of the court in getting a fresh start. Under the protection of the bankruptcy court, debtors may discharge their debts, perhaps by paying a portion of each debt. Bankruptcy judges preside over these proceedings.
  • Executor: A male person named in a will to carry out the decedent
  • Federal: refers to the United States. See Kentucky Statutes 446.010
  • State: when applied to a part of the United States, includes territories, outlying possessions, and the District of Columbia. See Kentucky Statutes 446.010
  • Trustee: A person or institution holding and administering property in trust.
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