§ 115.01. DEFINITIONS.  


Latest version.
  • For the purpose of this Chapter the following definitions shall apply unless the context clearly indicates or requires a different meaning.

    Person, applicant or licensee. Any individual, copartners, corporations or associations; wherever a statement or act is required to be made or done by a corporation, the same shall be effected by its duly authorized officers.

    Sell at auction, sale at auction, sell at public auction and auction sales. Include not only those sales as are consummated on conclusion of the bidding, but also offers to sell at auction and sales or offers to sell at auction which are conditioned for any reason on the approval or election by the buyer or seller, or both, to be exercised at a later time or date.

(Code 1980, § 6-1)