WILLIAM DONALD SCHAEFER, Governor Ch. 282

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That the Laws of Maryland read as follows:

Article - Commercial Law

6-102.

(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 (§
9-109) of an enterprise subject to this title.

(2)  A transfer of a substantial part of the equipment (§
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 title are all those
whose principal business is the sale of merchandise from stock,
including those who manufacture what they sell, restaurants, and
all vendors and sellers of alcoholic beverages, regardless of the
form in which such beverages are sold, and regardless of whether
sold on a wholesale or retail basis.

(4)  Except as limited by the following section all bulk
transfers of goods located within this State are subject to this
title.

6-107.

(1) The notice to creditors (§ 6-105) shall state:

(a)  That a bulk transfer is about to be made; and

(b)  The names and business addresses of the
transferor and transferee, and all other business names and
addresses used by the transferor within three years last past so
far as known to the transferee; and

(c)  Whether or not all the debts of the transferor
are to be paid in full as they fall due as a result of the
transaction, and if so, the address to which creditors should
send their bills.

(2)  If the debts of the transferor are not to be paid in
full as they fall due or if the transferee is in doubt on that
point then the notice shall state further:

(a)  The location and general description of the
property to be transferred and the estimated total of the
transferor's debts;

(b)  The address where the schedule of property and
list of creditors (§ 6-104) may be inspected;

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