Section 47-11A-1 - Legislative findings; designation of article(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.Amended by 2016 Acts, ch. 217 (SB 259), eff. 6/9/2016.