There is a newer version
of
this Section
2017 New Jersey Revised Statutes
TITLE 5 - AMUSEMENTS, PUBLIC EXHIBITIONS AND MEETINGS
Section 5:8-60.2 - "Penny auction" defined.
Universal Citation: NJ Rev Stat § 5:8-60.2 (2017)
5:8-60.2 "Penny auction" defined.
3. As used in P.L.1954, c.5 (C.5:8-50 et seq.), as amended and supplemented, "Penny auction" means an event at which multiple items of merchandise, or gift certificates therefor, but not cash, are raffled by drawing the winning ticket from a container designated for each item into which players seeking to win that item have placed tickets, with all tickets having been sold for the same price or different prices and each ticket placed in a container having an equal chance of winning.
L.1997,c.386,s.3.
Disclaimer: These codes may not be the most recent version. New Jersey may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
