Legislative findings; designation of article
Applied in 1 court decision — leading case 173 F. Supp. 2d 505 - Community Antenna Services, Inc. v. Westfield Insurance (2001)
Most recently applied in 173 F. Supp. 2d 505 - Community Antenna Services, Inc. v. Westfield Insurance (November 2001)
(a) The Legislature hereby finds that the sale of goods at prices below the cost thereof can result in economic maladjustments and tend toward the creation of monopolies, thereby destroying fair and healthy competition; therefore, the below-cost sale of goods with the intent to destroy or the effect of destroying competition is deemed an unlawful unfair trade practice.
(b) This article shall be known as and designated the Unfair Trade Practices Act.
Official source: West Virginia Legislature. Reproduced from public-domain West Virginia statutes; confirm against the official source for the current text. Not legal advice.