2006 Michigan Compiled Laws - Act 224 of 1955


PUBLIC AUCTIONS

Act 224 of 1955

AN ACT to regulate sales at public auction; to provide for the issuing of licenses; and to prescribe penalties for violations of the provisions of this act.


History: 1955, Act 224, Imd. Eff. June 18, 1955




The People of the State of Michigan enact:

DocumentDescription
Section 446.51Sale of new merchandise at public auction; license required.
Section 446.52Licenses; application, filing, contents.
Section 446.53Licenses; bond; amount; beneficiaries; conditions; liability; service of process; jurisdiciton; joinder of parties.
Section 446.54Licenses; fees.
Section 446.55Licenses; issuance, transferability, validity.
Section 446.56Report of sale and inventory of unsold merchandise; filing.
Section 446.57Licensing of sales by auction; definitions.
Section 446.58Cappers, boosters, shillers or false bids prohibited.
Section 446.59Nonapplication of act as to certain sales.
Section 446.60Violation of act; penalty.

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