DEFINITIONS.

325F.68 DEFINITIONS. § Subdivision 1.Scope. The following words and terms where used in sections 325F.68 to 325F.70 shall have the meanings ascribed to them in this section. § Subd. 2.Merchandise. "Merchandise" means any objects, wares, goods, commodities, intangibles, real estate, loans, or services. § Subd. 3.Person. "Person" means any natural person or a legal representative, partnership, corporation (domestic and foreign), company, trust, business entity, or association, and any agent, employee, salesperson, partner, officer, director, member, stockholder, associate, trustee, or cestui que trust thereof. § Subd. 4.Sale. "Sale" means any sale, offer for sale, or attempt to sell any merchandise for any consideration. § Subd. 5.Going out of business sale. "Going out of business sale" means any sale advertised or held out to the public as a sale in anticipation of the imminent termination of a business, including any sale advertised or held out to the public as a "going out of business sale," a "close out sale," a "loss of lease sale," a "must vacate sale," a "bankruptcy sale," or in any similar terms. History: 1963 c 842 s 1; 1985 c 148 s 2; 1986 c 444; 1997 c 157 s 60