§ 44-21-4. Bidding on part of property to be sold.
Whenever any sale or bidding is made at public auction in regard to any real estate or in regard to any goods, wares, merchandise or other personal property, upon any less quantity than the whole, for the purpose of fixing the price of any larger quantity or of the whole, the whole amount of the property sold, transferred, contracted for or negotiated by the terms and conditions of the auction is subject to a duty as if the whole has been set up and sold by auction.
History of Section.G.L. 1896, ch. 159, § 14; G.L. 1909, ch. 188, § 14; G.L. 1923, ch. 216, § 14; G.L. 1938, ch. 337, § 14; G.L. 1956, § 44-21-4.
Structure Rhode Island General Laws
Chapter 44-21 - Duty on Auction Sales
Section 44-21-1. - Sales subject to duty.
Section 44-21-2. - Duty imposed — Apportionment between state and city or town.
Section 44-21-3. - Amount on which duty based — Retention and payment by auctioneer.
Section 44-21-4. - Bidding on part of property to be sold.
Section 44-21-5. - Purchase by auctioneer or original owner.
Section 44-21-6. - Accounts rendered by auctioneers.
Section 44-21-7. - Oath to auctioneer’s account.
Section 44-21-8. - Payments to general and city or town treasurers.
Section 44-21-9. - Forfeiture for neglect of duty by auctioneer.