Except with respect to goods sold through an auction firm, no licensee shall sell goods at an auction until the auctioneer or auction firm involved has first entered into a written contract with the owner or consignor of such goods, which contract sets forth the terms and conditions upon which such auctioneer or auction firm accepts the goods for sale. A copy of every written contract shall be retained for a period of two (2) years from the date of the auction.
Structure Mississippi Code
Title 73 - Professions and Vocations
§ 73-4-9. Meetings of commission generally; quorum; requirement of majority vote
§ 73-4-13. Powers and duties of commission
§ 73-4-15. Mississippi Auctioneer Licensure Fund
§ 73-4-23. Exemption from examination requirements for nonresidents
§ 73-4-37. Recordkeeping requirements
§ 73-4-39. Requirement of written contract for sale of goods; time period for retention of contract
§ 73-4-41. Advertisement of auctions
§ 73-4-45. Penalties for violations of chapter
§ 73-4-47. Proceedings for injunctions