§ 698.635 — Definitions for ORS 698.640 and 698.650

Oregon § 698.635

• Jurisdiction: Oregon
• Vol.: 17
• Title 52: Occupations and Professions
• Ch. 698: Auctions

Text

As used in ORS 698.640 and 698.650:
(1) “Auction” or “auction sale” means a sale of or an offer to sell real or personal property to the highest bidder.
(2) “Auctioneer” means a person who sells or offers to sell property at auction, either on the person’s own behalf or for another person.
(3) “Auction mart” means a fixed or established place designed, intended or used to conduct auction sales where more than one sale has occurred during a calendar year.
(4) “Consignee” means a person to whom another person offers, gives or entrusts personal property with the expectation that the person will sell the personal property in a manner other than at an auction sale and compensate the other person from the proceeds of the sale.
(5) “Consignment sale” means a sale of personal property, or a display of personal property for the purpose of selling the personal property, that a consignee conducts in public or with members of the public other than at a public auction.

Legislative History

1983 c.404 §1; 2013 c.493 §1