Is the transfer of real estate that is used for income purposes covered by the bulk sale law?
The bulk sale statute makes no exclusion for sales of real estate. A business is any endeavor that creates profit or loss. Therefore, when any realty that is a business asset is being conveyed other than in the ordinary course of business, in whole or in part, such transaction is subject to the bulk sale statute. If the title owner is ordinarily in the business of selling such property, however, the bulk sale law would not apply.
