Auction dealer means any person engaged in the business of conducting an auction for the sale of motor vehicles and trailers.

Terms Used In Nebraska Statutes 60-1401.05

  • Auction: means a sale of motor vehicles and trailers of types required to be registered in this state, except such vehicles as are eligible for registration pursuant to section 60-3,198, sold or offered for sale at which the price offered is increased by the prospective buyers who bid against one another, the highest bidder becoming the purchaser. See Nebraska Statutes 60-1401.04
  • Person: means every natural person, firm, partnership, limited liability company, association, or corporation. See Nebraska Statutes 60-1401.31