§ 6-7. Application for license.

(a) In general.

Any person desiring to conduct a "Going Out of Business Sale", as defined in this subtitle, shall make a written application to the licensor, signed and verified by the applicant before a person authorized to administer oaths.

(b) Required information.

Each application shall contain the following information:

(1) the true name and address of the owner of the goods, wares, and merchandise to be the object of the sale;

(2) a description by street location, address, and type of building of the location at which such sale is to be held;

(3) the name of the occupant of the location in question and whether by ownership, lease, or sublease;

(4) if by lease or sublease:

(i) the effective date of the termination of such tenancy; and

(ii) the name and business address of the lessor or sublessor;

(5) a full and complete statement of the facts in regard to the "Going Out of Business Sale", including:

(i) the reason why the sale is to be conducted;

(ii) the manner in which the sale will be conducted; and

(iii) the date or period of time in which the sale is to be conducted;

(6) a complete and detailed inventory of the goods, wares, and merchandise to be sold at such sale as disclosed by applicant's records.

(1) All goods, wares, or merchandise included in such inventory:

(i) shall have been purchased by the applicant for resale on bona fide orders without cancellation privileges; and

(ii) shall not comprise goods, wares, or merchandise purchased on consignment.

(2) This inventory shall become a part of the application for a license to conduct a "Going Out of Business Sale".