Oklahoma § 62-2203.5 - Exemptions

§ 62-2203.5. Exemptions

A. The provisions of this act shall not apply to sales

otherwise prohibited by subsections B and C of Section 4 of this act

when disaster relief materials are:

1. Sold to relief agencies or for charitable purposes;

2. Sold on contract to departments of the government or

governmental institutions;

3. Sold in bona fide clearance sales, if advertised, marked,

and sold as such;

Oklahoma Statutes - Title 62. Public Finance

4. Imperfect or damaged or are being discontinued and are

advertised, marked and sold as such;

5. Sold upon the final liquidation of any business;

6. Sold by any officer acting under the order or direction of

any court; or

7. Sold at any bona fide auction sale.

B. A retailer or wholesaler shall not be found to have sold or

advertised at less than cost if the materials sold are at a price

made in good faith to meet the price of a competitor who is selling

the same article or products of comparable quality at cost as a

wholesaler or retailer.

C. The price of disaster relief materials advertised, offered

for sale, or sold under the exemptions specified in Section 3 of

this act, shall not be considered the price of a competitor and

shall not be used as a basis for establishing prices below cost, nor

shall the price established at a bankrupt sale be considered the

price of a competitor.

Added by Laws 2013, c. 400, § 6, eff. Nov. 1, 2013.