Hawaii Revised Statutes 481D-4 – Time limit
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Terms Used In Hawaii Revised Statutes 481D-4
- Going out of business sale: means any sale, whether described by that name or any other name including but not limited to "closing out sale" "lost our lease sale" "forced to vacate sale" and "inventory close out sale" held in a manner as to induce a belief that upon disposal of the stock of goods on hand, the business will cease and be discontinued at the premises where the sale is conducted, and that otherwise complies with all applicable laws and rules relating to sales and conduct of sales. See Hawaii Revised Statutes 481D-1
- Person: includes a person, firm, corporation, partnership, association, or two or more persons having a joint or common interest. See Hawaii Revised Statutes 481D-1
No person shall advertise merchandise for sale as a going out of business sale for a period in excess of sixty days nor advertise more than one going out of business sale in three hundred sixty days. The three hundred sixty-day period shall commence on the first day of the sale.