Bill 3237

                    Current Status

Bill Number:               3237
Ratification Number:       611
Act Number                 511
Introducing Body:          House
Subject:                   Auctioneer's license, revocation

(A511, R611, H3237)

AN ACT TO AMEND SECTION 40-6-160, AS AMENDED, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO GROUNDS FOR SUSPENSION OR REVOCATION OF AN AUCTIONEER'S LICENSE, SO AS TO ADD AS A GROUND CONVICTION OF A FELONY.

Be it enacted by the General Assembly of the State of South Carolina:

Auctioneer's license, revocation

SECTION 1. Section 40-6-160 of the 1976 Code, as last amended by Act 33 of 1987, is further amended to read:

"Section 40-6-160. The following are grounds for suspension or revocation of an auctioneer or apprentice auctioneer license:

(1) A violation of this chapter or a regulation promulgated by the commission.

(2) A continued and flagrant course of misrepresentation or making false promises, either by the auctioneer or by someone acting in his behalf and with his consent.

(3) A failure to account for or to pay over within a reasonable time, not to exceed thirty days, money belonging to another which has come into the auctioneer's possession through an auction sale.

(4) Misleading or untruthful advertising.

(5) An act of conduct in connection with a sales transaction which demonstrates bad faith or dishonesty.

(6) Knowingly using false bidders, cappers, or pullers, or making a material false statement for license purposes.

(7) Conviction of a felony.

The commission may issue a written or oral reprimand for misconduct as set out in this section when, in its judgment, the misconduct does not warrant suspension or revocation of a license."

Time effective

SECTION 2. This act takes effect upon approval by the Governor.

Approved the 29th day of May, 1990.