“Bulk transfer”; transfers of equipment; enterprises subject to this article; bulk transfers subject to this article

§ 28:6—102. “Bulk transfer”; transfers of equipment; enterprises subject to this article; bulk transfers subject to this article (1) A “bulk transfer” is any transfer in bulk and not in the ordinary course of the transferor’s business of a major part of the materials, supplies, merchandise or other inventory (section 28:0—109) of an enterprise subject to this article. (2) A transfer of a substantial part of the equipment (section 28:9—109) of such an enterprise is a bulk transfer if it is made in connection with a bulk transfer of inventory, but not otherwise. (3) The enterprises subject to this article are all those whose principal business is the sale of merchandise from stock, including t hose who manufacture what they sell. (4) Except as limited by the following section all bulk transfers of goods located within the District are subject to this article.