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The provisions of Sections 1267 to 1269, inclusive, shall not apply to the sale of a stock of merchandise in bulk by an assignee or trustee acting under a bona fide assignment for the benefit of creditors. For the purposes of this section a sale "in bulk" is defined as a sale of all or a substantial part of a stock of merchandise to a single purchaser.
(Added by Ord. 8032, Series of 1939, App. 7/22/53)
(Amended by Ord. 288-85, App. 6/6/85; repealed by Ord. 196-12 , File No. 120671, App. 9/24/2012, Eff. 10/24/2012)