2006 Kentucky Revised Statutes - .040   Exceptions to KRS 330.030.

330.040 Exceptions to KRS 330.030. (1) KRS 330.030 shall not apply to: (a)  Sales at auction conducted by or under the direction of any public authority or pursuant to any judicial order or decree, or to any sale required by law to be at auction. (b)  Sales at auction of any real or personal property conducted exclusively by an individual who personally owns such real or personal property and who did not acquire such real or personal property for resale. This subsection is applicable only to individuals. It does not apply to any other "persons" as defined in KRS 330.020(5), nor does it apply to any officer, director or employee thereof. (c)  Any resident or nonresident crier or auctioneer who simply calls for bids and strikes the bargain or who cries or acts as auctioneer in the sale of livestock owned and sold at auction by 4-H Clubs or FFA Clubs or club members, or by any university operated by the Commonwealth of Kentucky. (d)  A sale conducted by or on behalf of any political party, church or charitable corporation or association if the individual conducting the sale receives no compensation and does not, by advertising or otherwise, hold himself out as being available to engage in the sale of goods or real estate at auction. (2) Notwithstanding the provisions of this section, no licensee under this chapter shall be exempted from any of the provisions of this chapter in connection with or by reason of his participation in any sale excepted under this section. Effective: July 13, 1984 History: Amended 1984 Ky. Acts ch. 407, sec. 1, effective July 13, 1984. -- Amended 1982 Ky. Acts ch. 79, sec. 1, effective July 15, 1982. -- Amended 1978 Ky. Acts ch. 80, sec. 2, effective June 17, 1978. -- Amended 1964 Ky. Acts ch. 112, sec. 1. -- Created 1962 Ky. Acts ch. 251, sec. 4.