Relating to disclosures of reserve prices in connection with auction sales; prescribing an effective date.
Catchline/Summary:
Requires advertisement for auction sale, or auctioneer or auction mart operator in course of auction, to state whether item that is subject to auction has reserve price and, if so, to disclose reserve price. Requires advertisement for auction sale, or auctioneer or auction mart operator in course of auction, to state whether item that is subject to auction has reserve price and, if so, to disclose reserve price.
Takes effect on 91st day following adjournment sine die.
Chapter Number:
Fiscal Impact:
May Have Fiscal Impact, But No Statement Yet Issued
Revenue Impact:
May Have Revenue Impact, But No Statement Yet Issued
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SB 734 Senate Committee On Labor and Business
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