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This entry was published on 2014-09-22
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SECTION 25
Records to be kept by auctioneers
General Business (GBS) CHAPTER 20, ARTICLE 3
§ 25. Records to be kept by auctioneers. Every auctioneer or person
engaged in the business of selling goods at auction, whether acting in
his own behalf or as the officer, agent or representative of another,
shall, upon the receipt or acceptance by him of any goods for the
purpose of sale at auction, and before offering the same or any part
thereof for sale at auction, write or cause to be written in a book to
be kept by him for the purpose, the name and address of the person who
employed him to sell such goods at auction, the name and address of the
person for whose benefit, behalf or account such goods are to be sold at
auction; the name and address of the person from whom such auctioneer
received or accepted such goods; the name and address of the person who
was the owner, the authorized agent of the owner or the consignor of
such goods immediately prior to the receipt or acceptance for the
purpose of sale at auction of the same by such auctioneer; the location,
with street and number, if any, of such goods immediately prior to the
receipt or acceptance of the same by such auctioneer for the purpose of
sale at auction; the date of the receipt or acceptance by such
auctioneer of such goods for the purpose of sale at auction; the place,
with street and number, if any, in which such goods are to be held, kept
or stored until sold or offered for sale at auction; the place, with
street and number, if any, in which such goods are to be sold or offered
for sale at auction; a description of such goods, the quantity thereof
and the distinctive marks thereon, if any; the terms and conditions upon
which such auctioneer receives or accepts such goods for sale at
auction. The expression "goods" as used in this section signifies any
goods, wares, works of art, commodity, compound or thing, chattels,
merchandise or personal property which may be lawfully kept or offered
for sale, but shall not include goods damaged at sea or by fire and sold
or to be sold for the benefit of the owners, insurers or for the account
of whom it may concern or goods sold by virtue of judicial decree. The
word "person" as used in this section includes a corporation,
joint-stock association or copartnership. Nothing herein shall apply to
the sale of real property at auction. The foregoing records shall be in
addition to any other records required to be kept pursuant to the
uniform commercial code.