37-14-2. Auction sale defined.
"Auction sale," as used in this chapter means the offering for sale or selling of personal property to the highest bidder or offering for sale or selling of personal property at a high price and then offering the personal property at successive lower prices until a buyer is secured.
Source: SL 1955, ch 233, §7; SDC Supp 1960, §54.0509; SL 1998, ch 242, §1.
Structure South Dakota Codified Laws
Section 37-14-2 - Auction sale defined.
Section 37-14-4 - Farm sales, judicial sales and closing out sales exempt.
Section 37-14-5 - Requirements of chapter.
Section 37-14-18 - Deposit of auction receipts into separate auction proceeds account.
Section 37-14-19 - Transfer of auction receipts to client--Time limit.
Section 37-14-20 - Application of deposit and transfer requirements.