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NC H300

Bill

Official Source

Status

Engrossed

5/2/2019

Primary Sponsor

Michael Speciale

Click for details

Origin

House of Representatives

2019-2020 Session

AI Summary

  • Extends the deadline for auctioneers to account for or pay over funds from auction sales from 30 days to up to 90 days when an item has been purchased on extension and requires third-party authentication
  • Maintains the standard 30-day deadline for regular auction sales without third-party authentication requirements
  • Applies to funds received through auction sales occurring on or after the bill's effective date
  • Amends North Carolina General Statute 85B-8(a)(3) regarding auctioneer licensing requirements

Legislative Description

Extend Funds Deadline for Auctioneers

Last Action

Ref To Com On Rules and Operations of the Senate

5/2/2019

Committee Referrals

Rules and Operations of the Senate5/2/2019
Rules, Calendar, and Operations of the House4/25/2019
Commerce3/11/2019

Full Bill Text

No bill text available