Vermont Statutes Title 26 Sec. 4608
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Terms Used In Vermont Statutes Title 26 Sec. 4608
- Auction: means the offering of real or personal property for sale by means of exchanges between an auctioneer and bidders. See
- Auctioneer: means a person who, for a fee or other compensation, conducts, advertises, or offers services to conduct auctions. See
- Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
§ 4608. Claims
Final settlement of accounts between consignors of auctioned goods and any auctioneer licensed under this chapter shall be made within 30 days of the auction sale from which the consignment was made. (Added 2001, No. 151 (Adj. Sess.), § 43, eff. June 27, 2002.)