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A01317 Summary:

BILL NOA01317
 
SAME ASSAME AS S07324
 
SPONSORBrodsky
 
COSPNSR
 
MLTSPNSR
 
Add SS29 & 29-a, Gen Bus L
 
Prohibits the acceptance of chandelier bids or sham bids by auctioneers without disclosure; requires "for the consignor" identification of such bids; requires that property advertised to be sold at auction regardless of price ("absolute auction") shall be sold to the highest bidder; requires disclosure of "auction house bids" and prohibits acceptance of a bid made by or on behalf of the owner or consignor of such property.
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