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Isn't it illigal to sell / purchase promos?

I have some large number of promo CDs that I bought from the used bins at Amoeba in the early 90's. I don't know if they're still there, but they certainly had them back when I frequented the place. Also, several of those used CD jewel boxes also had a slice cut out of their spine. I wonder whether this was / is analogous to the admonition you see in many books these days, e.g., "if you bought this book without a cover on it, then it's stolen property."

(Now, whether Amoeba was violating the law or not, I cannot say...)