Kentucky Revised Statutes Title XXVI. Occupations and Professions § 330.210.Sale of horses by auction

(a) May receive bids from the seller, consignor, or his agent, disclosed or undisclosed, if notice has been given in the terms and conditions governing the sale, or otherwise, that liberty for such bidding has been reserved by seller;

(b) Shall conduct the sale with respect to each lot or parcel on a with-reserve basis unless the seller has authorized the auctioneer, in writing, to conduct the sale on a without-reserve basis, in which event the auctioneer shall announce, in explicit terms, that the goods are being sold without reserve; and

(c) Shall not be required to announce at any with-reserve sale when the reserve is attained.

(a) The advertising requirements set forth in KRS 330.230(1), (2), and (7);

(b) The causes justifying disciplinary action set forth in KRS 330.110(1)(l), (m), (n), and (o); or

(c) The provisions regulating absolute auctions and reserve auctions set forth in KRS 330.220(5) and (7).