Amends GS 85B-8(a)(3), which requires assessment of a civil penalty or the denial, suspension, or revocation of an auctioneer, auctioneer apprentice, or auction firm license for failure to account for or to pay over funds from an auction sale within a reasonable time. Current law requires the accounting or payment be made within 30 days. Now allows a 90-day window for auctioneers to account for or to pay over funds from an auction sale for items purchased on extension that require third-party authentication.
EXTEND FUNDS DEADLINE FOR AUCTIONEERS.
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View NCGA Bill Details(link is external) | 2019-2020 Session |
AN ACT TO EXTEND THE AMOUNT OF TIME THAT AUCTIONEERS HAVE TO ACCOUNT FOR OR PAY OVER FUNDS FROM AN AUCTION SALE.Intro. by Speciale.
Status: Ref To Com On Rules and Operations of the Senate (Senate action) (May 2 2019)
Bill History:
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Thu, 7 Mar 2019 House: Filed(link is external)
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Mon, 11 Mar 2019 House: Passed 1st Reading(link is external)
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Thu, 25 Apr 2019 House: Serial Referral To Judiciary Stricken(link is external)
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Thu, 25 Apr 2019 House: Reptd Fav(link is external)
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Mon, 29 Apr 2019 House: Reptd Fav(link is external)
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Mon, 29 Apr 2019 House: Cal Pursuant Rule 36(b)(link is external)
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Mon, 29 Apr 2019 House: Placed On Cal For 04/30/2019(link is external)
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Tue, 30 Apr 2019 House: Passed 2nd Reading(link is external)
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Tue, 30 Apr 2019 House: Passed 2nd Reading(link is external)
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Tue, 30 Apr 2019 House: Passed 3rd Reading(link is external)
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Tue, 30 Apr 2019 House: Passed 3rd Reading(link is external)
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Wed, 1 May 2019 House: Regular Message Sent To Senate(link is external)
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Thu, 2 May 2019 Senate: Regular Message Received From House(link is external)
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Thu, 2 May 2019 Senate: Regular Message Received From House(link is external)
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Thu, 2 May 2019 Senate: Passed 1st Reading(link is external)
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Thu, 2 May 2019 Senate: Passed 1st Reading(link is external)
H 300
Bill Summaries:
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Bill H 300 (2019-2020)Summary date: Mar 7 2019 - View Summary
View: All Summaries for Bill