Last Action | signed by Governor (Acts ch. 36) |
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Title | AN ACT relating to auctioneer services. |
Bill Documents |
Bill
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Bill Request Number | 1504 |
Sponsors | S. Overly, J. Hoover, L. Belcher |
Summary of Original Version | Create a new section of KRS Chapter 426 to permit a court upon the request of a creditor or mortgage holder to secure the services of an auctioneer licensed in this state to conduct the public sale, fix the auctioneer's fee, and order the fee to be paid out of the proceeds of the sale; include caps for the licensed auctioneer's fee that do not include expenses and fees incurred by the master commissioner for the sale under KRS 31A.010(4); require the master commissioner to employ a licensed auctioneer to handle the sale upon terms and conditions acceptable to the creditor or mortgage holder; require the sale to be conducted on the site of real property to be sold if the public sale is conducted by a licensed auctioneer; permit a master commissioner who is also a licensed auctioneer to recover fees for acting in his or her capacity as master or special commissioner under KRS 31A.010(4), but prohibit the master commissioner from collecting any extra fee for acting as an auctioneer; clarify that nothing contained in this section waives any provision of KRS 426.160, 426.200, or 426.560. |
Index Headings of Original Version |
Advertising - Public sale, advertising, retention of requirements for Auctioneers - Public sale, licensed auctioneer, use of Banks and Financial Institutions - Creditor or mortgage holder, licensed auctioneer, employment of Courts - Public sale, licensed auctioneer, use of Courts, Circuit - Public sale, licensed auctioneer, use of Fees - Licensed auctioneer and master commissioner, provision for and clarification of Judges and Court Commissioners - Public sale, licensed auctioneer, use of Liens - Creditor or mortgage holder, licensed auctioneer, employment of Notices - Public sale, advertising, retention of requirements for Occupations and Professions - Licensed auctioneer, public sale, use of Property - Real or personal property, public sale, auctioneer services Real Estate - Real or personal property, public sale, auctioneer services Sales - Public sale, licensed auctioneer, use of |
Votes | Vote History |
02/11/11 |
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02/14/11 |
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02/15/11 |
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02/16/11 |
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02/17/11 |
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02/18/11 |
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02/23/11 |
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03/01/11 |
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03/02/11 |
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03/03/11 |
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03/15/11 |
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Last updated: 1/16/2019 3:43 PM (EST)