Section 299 - Conditions of auction salesEach auctioneer shall post for display and describe at the beginning of each auction the conditions of the auction sale. The conditions must indicate: [1999, c. 146, §5(NEW).]
1.Sold "as is." Whether the property is sold "as is"; [1999, c. 146, §5(NEW).]
2.Highest bidder acknowledged. Whether the highest bidder at the completion of the sale will be acknowledged by the auctioneer; [1999, c. 146, §5(NEW).]
3.Reserve. Whether the auction is with reserve or without reserve and the acceptable manner of bids; [1999, c. 146, §5(NEW).]
4.Absentee bids. Whether absentee bids are allowed; [1999, c. 146, §5(NEW).]
5.Sales tax. Sales tax requirements; [1999, c. 146, §5(NEW).]
6.Auctioneer or consignor bidding. Whether or not the auctioneer or consignor reserves the right to bid; [1999, c. 146, §5(NEW).]
7.Uniform Commercial Code. A statement that Title 11, section 2-328 applies to this auction sale; [1999, c. 146, §5(NEW).]
8.Statement of buyer's premium. A statement of the buyer's premium and any other charges to the bidders or any other persons in attendance; and [1999, c. 146, §5(NEW).]
9.Title and address. The title and address of the board. [1999, c. 146, §5(NEW).]
1999, c. 146, § 5 (NEW) .