Bulk Transfers; Transfers of Equipment; Enterprises Subject

to This Division; Bulk Transfers Subject to This Division.

(1)A bulk transfer is any transfer in bulk and not in the ordinary course of the transferor's business of a substantial part of the materials, supplies, merchandise, or other inventory (Section 9109) of an enterprise subject to this division.

(2)A transfer of a substantial part of the equipment (Section 9109) of such an enterprise is also a bulk transfer.

(3)The enterprises subject to this Division are all those whose principal business is the sale of merchandise from stock, including those who manufacture what they sell.

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

(5)The word Atransfer@ as used in this division includes the creation of a security interest.

(6)Bulk Transfer Filing Fee. A fee of Twenty Dollars ($20.00) shall be assessed for each bulk transfer document that is filed with the Department of Revenue and Taxation. COL070307 DIV. 6 BULK TRANSFERS