NY Gen Bus L § 581 (2021)
2021 New York Laws GBS - General Business Article 29-F - Going Out of Business Sales 581 - Definitions.

§ 581. Definitions. (a) The term "closing out sale" shall include, but not  be  limited  to,  all  sales advertised, represented, or held forth under the designation of "quitting business," "going out  of  business," "discontinuance    of   business,"   "closing   out,"   "selling   out," "liquidation," "lost our lease," "must vacate," "forced out," "removal," "branch store  discontinuance  sale,"  "building  coming  down,"  "end," "final  days," "final clearance," "last days," "lease expires," "we give up sale," "we quit sale," "warehouse closing sale,"  "warehouse  removal sale," "reorganization sale," or any other advertising or designation by any other expression or characterization similar to any of the foregoing giving  notice  to the public that the sale will precede the abandonment of a business location.  (b) The term "sale of goods damaged by fire,  smoke  or  water"  shall include,  but  not  be  limited to, all sales advertised, represented or held forth under the designation of "fire sale,"  "smoke  damage  sale," "water damage sale," "flood damage sale," "insurance sale," or any other advertising  or  designation by any other expression or characterization similar to any of the foregoing giving notice to  the  public  that  the goods, wares or merchandise offered for sale have been damaged.  (c) The term "defunct business sale" shall include, but not be limited to,   all   sales  advertised,  represented  or  held  forth  under  the designation of "adjuster's sale,"  "administrator's  sale,"  "assignee's sale,"   "bankrupt   sale,"   "bankrupt   stock   sale,"   "benefit   of administrator's  sale,"  "benefit  of  creditor's  sale,"  "benefit   of trustee's   sale,"   "creditor's  committee  sale,"  "creditor's  sale," "executor's sale," "insolvent sale," "mortgage sale," "receiver's sale," "trustee's sale," or any other advertising or designation by  any  other expression or characterization similar to any of the foregoing conveying the same meaning or giving notice to the public of a sale resulting from death, business failure, or other adversity.  (d)  "Unusual  purchase or addition" shall mean any purchase of goods, wares or merchandise during the ninety days  preceding  the  application for a license, the total value of which is at least twenty-five per cent greater  than  purchases  made  by  the  applicant for a like ninety-day period during the year next preceding the year in which the  application is  made  or  the  total value of which is at least twenty-five per cent greater than the purchases made by  the  applicant  for  any  ninety-day period if the applicant has been in business for less than one year.  (e) "Person" shall mean any individual, partnership, association, firm or corporation.  (f) "Licensee" shall mean any person granted a license pursuant to the provisions of this article.  (g) "Licensing authority" shall mean that department or officer of any city,  town  or  village established for the specific purpose of issuing licenses, and where there is no such department  or  officer,  it  shall mean the clerk of such city, town or village.