Section 25. Records to be kept by auctioneers  


Latest version.
  • Every auctioneer or person
      engaged in the business of selling goods at auction, whether  acting  in
      his  own  behalf  or as the officer, agent or representative of another,
      shall, upon the receipt or acceptance  by  him  of  any  goods  for  the
      purpose  of  sale  at  auction, and before offering the same or any part
      thereof for sale at auction, write or cause to be written in a  book  to
      be  kept  by him for the purpose, the name and address of the person who
      employed him to sell such goods at auction, the name and address of  the
      person for whose benefit, behalf or account such goods are to be sold at
      auction;  the  name  and address of the person from whom such auctioneer
      received or accepted such goods; the name and address of the person  who
      was  the  owner,  the  authorized agent of the owner or the consignor of
      such goods immediately prior  to  the  receipt  or  acceptance  for  the
      purpose of sale at auction of the same by such auctioneer; the location,
      with  street  and number, if any, of such goods immediately prior to the
      receipt or acceptance of the same by such auctioneer for the purpose  of
      sale  at  auction;  the  date  of  the  receipt  or  acceptance  by such
      auctioneer of such goods for the purpose of sale at auction; the  place,
      with street and number, if any, in which such goods are to be held, kept
      or  stored  until  sold  or offered for sale at auction; the place, with
      street and number, if any, in which such goods are to be sold or offered
      for sale at auction; a description of such goods, the  quantity  thereof
      and the distinctive marks thereon, if any; the terms and conditions upon
      which  such  auctioneer  receives  or  accepts  such  goods  for sale at
      auction. The expression "goods" as used in this  section  signifies  any
      goods,  wares,  works  of  art,  commodity, compound or thing, chattels,
      merchandise or personal property which may be lawfully kept  or  offered
      for sale, but shall not include goods damaged at sea or by fire and sold
      or to be sold for the benefit of the owners, insurers or for the account
      of  whom  it may concern or goods sold by virtue of judicial decree. The
      word  "person"  as  used  in  this  section  includes   a   corporation,
      joint-stock  association or copartnership. Nothing herein shall apply to
      the sale of real property at auction. The foregoing records shall be  in
      addition  to  any  other  records  required  to  be kept pursuant to the
      uniform commercial code.