Louisiana Revised Statutes 37:3129 – Shills
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Terms Used In Louisiana Revised Statutes 37:3129
- Auction: includes but is not limited to all of the following:
(i) Live auctions. See Louisiana Revised Statutes 37:3103
- Auctioneer: means any person who, for another, with or without receiving or collecting a fee, commission, or other valuable consideration, sells or offers to sell property at an auction. See Louisiana Revised Statutes 37:3103
- Person: means an individual, partnership, company, corporation, association, or group however organized. See Louisiana Revised Statutes 37:3103
- Property: means any property, tangible and intangible, real, personal, or mixed. See Louisiana Revised Statutes 37:3103
A. No person acting as auctioneer shall purchase, either directly or indirectly, any property at a sale made by him except as provided in La. Rev. Stat. 37:3130. Any such sale is null.
B. No person shall act at any auction sale as bidder or what is commonly known as “capper,” “booster,” or “shill” or place or offer to place any false bids or offer to buy or pretend to buy any property sold or offered for sale by auction.
C. Nothing in this Part shall be construed to prohibit the taking of bids in any auction sale by telephone or by other electronic means.
Acts 1986, No. 564, §4, eff. July 2, 1986; Acts 2003, No. 1111, §1.