365.3 40 Sales outside ordinary channels of business not to be used in establishing basic cost. In establishing the basic cost of cigarettes to a wholesaler or a retailer it shall not be permissible to use the invoice cost or the actual cost of any cigarettes purchased at a forced, bankrupt, or closeout sale, or other sale outside of the ordinary channels of trade. Effective: July 13, 1984. History: Amended 1984 Ky. Acts ch. 111, sec. 148, effective July 13, 1984. -- Created 1956 Ky. Acts ch. 243, sec. 10, effe ctive May 18, 1956.
Kentucky Legal Code