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Current as of January 01, 2023 | Updated by Findlaw Staff
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.
Cite this article: FindLaw.com - Oregon Revised Statutes Occupations and Professions § 698.635 - last updated January 01, 2023 | https://codes.findlaw.com/or/title-52-occupations-and-professions/or-rev-st-sect-698-635/
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 before relying on it for your legal needs.
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