358-G:1 Definitions. – As used in this chapter: I. " Auction "means the sale of real or personal property, or both, in which the sale price of the property offered is increased by competitive bids until the highest accepted bidder becomes the purchaser, pursuant to RSA 311-B. II. "Collusive bidding" means a practice whereby […]
358-G:2 General Prohibitions. – I. No person shall advertise as an auction the sale of property unless such advertised sale is conducted pursuant to RSA 311-B. II. No person shall enter into and participate in collusive bidding practices. Source. 1979, 447:1, eff. Aug. 24, 1979.
358-G:2-a Disclosure Required. – If a buyer’s premium is to be charged at any auction held in this state, any advertisement for such auction shall state clearly that a buyer’s premium will be charged. In addition, a notice disclosing that a buyer’s premium will be charged shall also be posted conspicuously at the site […]
358-G:3 Remedy; Penalties. – Any violation of this chapter is an unfair or deceptive act or practice within the meaning of RSA 358-A:2, provided that, notwithstanding RSA 358-A:6, any person who violates RSA 358-G:2, II shall be guilty of a class A misdemeanor if a natural person or a felony if any other person. […]
