HB2982 S GOV AM #2 3-5

Gaskins  4483


The Committee on Government Organization moved to amend the bill on page three, section one, after line thirty-seven, by adding thereto two new subdivisions, designed “(g) and (h)”, to read as follows:

“(g) “Absolute auction” means the sale of real or personal property at auction whereby every item offered from the block is sold to the highest bidder without reserve and without the requirements of a minimum bid or other conditions which limit the sale other than to the highest bidder.

(h)  "Estate auction" means the sale at auction of property of a specified deceased person or the property of a specified living person's estate. Estate auctions may contain property other than that of the specified living or deceased person. The inclusion of additional property must be included in all advertising and auction announcements.”