MLchartDataset catalogue

Bulk sales law

Term · Law · MLC-T-LAW-000792

A body of statutory law designed to protect creditors when a business sells all or a major part of its inventory or equipment outside the ordinary course of business. These laws typically require the buyer to notify the seller's creditors of the impending sale. Article 6 of the Uniform Commercial Code formerly addressed bulk transfers, though many states have since repealed it.

Table 1. Record
IdentifierMLC-T-LAW-000792
FieldLaw
Record as JSON 
{
  "id": "MLC-T-LAW-000792",
  "term": "Bulk sales law",
  "field": "Law",
  "definition": "A body of statutory law designed to protect creditors when a business sells all or a major part of its inventory or equipment outside the ordinary course of business. These laws typically require the buyer to notify the seller's creditors of the impending sale. Article 6 of the Uniform Commercial Code formerly addressed bulk transfers, though many states have since repealed it.",
  "url": "https://mlchart.com/terminology/law/bulk-sales-law/"
}

Record 596 of 5,441 in Law terminology (MLC-0107). Request the full dataset.