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Current as of March 28, 2024 | Updated by FindLaw Staff
(a) The Auctioneer's Licensing Board's jurisdiction and authority to award damages to an aggrieved party pursuant to § 17-17-405 is limited to actual compensatory damages. The board shall not award punitive or exemplary damages, nor shall it award interest on damages.
(b) The appellate jurisdiction of the circuit court is limited to the awarding of actual compensatory damages.
(c) The circuit court shall have no authority or jurisdiction to assess punitive or exemplary damages under this subchapter.
(d) The circuit court's jurisdiction over the Auctioneer Education and Recovery Fund shall be limited to appeals from the board's orders.
(e) The circuit court shall have no jurisdiction or authority to order payments from the fund in any amount in excess of either:
(1) The amount determined by the board; or
(2) The limits set forth in § 17-17-405.
Cite this article: FindLaw.com - Arkansas Code Title 17. Professions, Occupations, and Businesses § 17-17-407. Jurisdiction - last updated March 28, 2024 | https://codes.findlaw.com/ar/title-17-professions-occupations-and-businesses/ar-code-sect-17-17-407/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
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