state laws (spelled out in the Uniform Commercial Code adopted generally throughout
the country) which require a seller of the business including his/her inventory
to a) publish notice of the sale, b) give written notice to all creditors, and c)
set up an escrow of the funds realized from the sale upon which the creditors can
make a claim for a brief period of time. These statutes are intended to prevent
a merchant from quietly selling his/her business inventory and disappearing without
paying current creditors.
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