Arkansas § 17-17-103 Definitions

Arkansas Statutes

§ 17-17-103 — Definitions

Arkansas § 17-17-103

Title17

This text of Arkansas § 17-17-103 (Definitions) is published on Counsel Stack Legal Research, covering Arkansas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ark. Code Ann. § 17-17-103 (2026).

Text

As used in this chapter, unless the context otherwise requires:

(1)"Auction" means:

(A)A sales transaction conducted in person or electronically by means of one (1) or more oral or written exchanges between an auctioneer and a member of his or her audience, which includes an invitation for an offer for the purchase of personal property made by the auctioneer and an offer to purchase made by a member of his or her audience and culminates in the acceptance by the auctioneer of the highest or most favorable offer made by a member of the participating audience, if the sales transaction offers personal property:

(i)Located within this state; or (ii) From a location within this state;

(B)All transactions associated with what is commonly known and advertised as an estate sale in which an owne

Free access — add to your briefcase to read the full text and ask questions with AI

As used in this chapter, unless the context otherwise requires: (1) "Auction" means: (A) A sales transaction conducted in person or electronically by means of one (1) or more oral or written exchanges between an auctioneer and a member of his or her audience, which includes an invitation for an offer for the purchase of personal property made by the auctioneer and an offer to purchase made by a member of his or her audience and culminates in the acceptance by the auctioneer of the highest or most favorable offer made by a member of the participating audience, if the sales transaction offers personal property: (i) Located within this state; or (ii) From a location within this state; (B) All transactions associated with what is commonly known and advertised as an estate sale in which an owner, homeowner, or representative of a deceased homeowner engages a person to offer for sale personal property at a specific location to liquidate some or all of the personal property: (i) Of the owner or homeowner; or (ii) Currently or formerly owned by a deceased homeowner; or (C) A sales transaction conducted in connection with any sale of personal property advertised as an auction or estate sale; (2) "Auction house" means an individual or entity that provides a facility for conducting an auction other than an estate sale; (3) "Auctioneer" means any person who conducts an auction; (4) "Goods" means any chattels, goods, merchandise, or personal property, or commodities of any form or type, which may be lawfully kept or offered for sale; (5) "Livestock auction barn" means a place where livestock is sold on a regular basis to the public; (6) "Livestock auction barn auctioneer" means an auctioneer who is solely engaged in the selling of livestock on a regular basis at one (1) or more locations; and (7) "Persons" includes individuals, associations, partnerships, and corporations, and the word "persons" shall also include the officers, directors, and employees of a corporation.