S.C. Code Ann. § 36-6-102
"Bulk transfers"; transfers of equipment; enterprises subject to this chapter; bulk transfers subject to this chapter
Published Jan 1, 2000
- (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 36-9-109) of an enterprise subject to this chapter.
- (2) A transfer of a substantial part of the equipment (Section 36-9-109) 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 chapter are all those whose principal business is the sale of merchandise from stock, including those who manufacture what they sell.
- (4) Except as limited by the following section (Section 36-6-103) all bulk transfers of goods located within this State are subject to this chapter.