Florida Statutes 468.382 – Definitions
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Terms Used In Florida Statutes 468.382
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
- person: includes individuals, children, firms, associations, joint adventures, partnerships, estates, trusts, business trusts, syndicates, fiduciaries, corporations, and all other groups or combinations. See Florida Statutes 1.01
As used in this act, the term:
(1) “Auction business” means a sole proprietorship, partnership, or corporation which in the regular course of business arranges, manages, sponsors, advertises, promotes, or carries out auctions, employs auctioneers to conduct auctions in its facilities, or uses or allows the use of its facilities for auctions.
(2) “Auctioneer” means any person licensed pursuant to this part who holds a valid Florida auctioneer license.
(3) “Apprentice” means any person who is being trained as an auctioneer by a licensed auctioneer.
(4) “Board” means the Florida Board of Auctioneers.
(5) “Department” means the Department of Business and Professional Regulation.
(6) “Livestock” means any animal included in the definition of “livestock” by s. 585.01 or s. 588.13.
(7) “Agricultural product” means the natural products from a farm, nursery, grove, orchard, vineyard, garden, or apiary, including livestock, tobacco, and vegetables and includes those agricultural products as defined in chapter 618.
(8) “Absolute auction” means an auction that requires no minimum opening bid that limits the sale other than to the highest bidder.