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S07536 Summary:
| BILL NO | S07536 |
| SAME AS | No Same As |
| SPONSOR | SPANO |
| 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. | |