Kentucky Revised Statutes · § 365.340 — Sales outside ordinary channels of business not to be used in establishing basic cost
365.340. 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.
Source notes
Effective: July 13, 1984.
History and annotations
Amended 1984 Ky. Acts ch. 111, sec. 148, effective July 13, 1984. -- Created 1956 Ky. Acts ch. 243, sec. 10, effective May 18, 1956.
Source captured 2026-09-25. Open the official source.