N.C. Gen. Statutes > Chapter 85B North Carolina General Statutes > Chapter 85B – Auctions and Auctioneers Current as of: 2024 | Check for updates | Other versions § 85B-1 Definitions § 85B-2 Activities governed by Chapter § 85B-3 Auctioneers Commission § 85B-3.1 Auctioneers Commission; powers and duties § 85B-3.2 Criminal history record checks of applicants for licensure § 85B-4 Licenses required § 85B-4.1 Auctioneer Recovery Fund § 85B-4.2 Grounds for payment; notice and application to Commission § 85B-4.3 Hearing; required showing § 85B-4.4 Response and defense by Commission and judgment debtor; proof of conversion or other fraudulent act § 85B-4.5 Determination of certain small claims without a prior judicial determination § 85B-4.6 Order directing payment out of Fund; compromise of claims § 85B-4.7 Limitations; pro rata distribution; attorneys’ fees § 85B-4.8 Repayment to Fund; automatic suspension of license § 85B-4.9 Subrogation of rights § 85B-4.10 Waiver of rights § 85B-4.11 Persons ineligible to recover from Fund § 85B-4.12 Disciplinary action against licensee § 85B-5 Licensing of nonresidents § 85B-6 Fees; local governments not to charge fees or require licenses § 85B-7 Conduct of auction; records § 85B-7.1 Handling clients’ funds § 85B-8 Prohibited acts; assessment of civil penalty; denial, suspension, or revocation of license § 85B-9 Penalties and enforcement Ask a business law question, get an answer ASAP!Thousands of highly rated, verified business lawyers.Click here to chat with a lawyer about your rights.
