Statute 372 045

1. 'Purchase' means any transfer, exchange or barter, conditional or otherwise, in any manner or by any means whatsoever, of tangible personal property for a consideration. 2. A transaction whereby the possession of property is transferred but the seller retains the title as security for the payment of the price is a purchase. 3. A transfer for a consideration of tangible personal property which has been produced, fabricated or printed to the special order of the customer, or of any publication, is also a purchase. [10:397:1955]