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A.  No person shall advertise, offer for sale, or sell a stock of goods at a going-out-of-business sale without a license issued pursuant to this Part for the conduct of such sale. A separate license shall be required for each location at which such a sale is to be conducted.

B.  No person shall act as a promoter for a going-out-of-business sale without having registered pursuant to this Part.

Acts 1995, No. 669, §1.