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AL HB428
Bill
Status
3/1/2022
Primary Sponsor
David Faulkner
Click for details
AI Summary
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Amends Section 34-4-3 of the Code of Alabama 1975 to exempt computer-automated Internet auctions from State Board of Auctioneers regulation.
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Defines exempt online auctions as those using computer automation to accept competitive bids and a countdown clock to determine when bidding ends, in lieu of an auctioneer calling bids.
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Maintains existing exemptions for court-ordered sales, trustees, receivers, guardians, administrators, executors, and public authority auctions.
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Becomes effective on the first day of the third month following passage and approval by the Governor.
Legislative Description
Auctioneers, State Board of, exempting computer-automated Internet auctions from regulation by the board, Sec. 34-4-3 am'd.
Auctioneers, State Board of
Last Action
Pending third reading on day 21 Favorable from Boards, Agencies and Commissions
3/9/2022