New Hampshire Revised Statutes 358-G:2 – General Prohibitions
Current as of: 2023 | Check for updates
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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.
II. No person shall enter into and participate in collusive bidding practices.
Terms Used In New Hampshire Revised Statutes 358-G:2
- Collusive bidding: means a practice whereby the auctioneer, the seller, or anyone acting on behalf of the auctioneer or seller, causes, employs any person to engage in, or knowingly allows, fictitious bidding during an auction for the purpose of bidding up the price of any goods in competition with bona fide bidders, or for the purpose of encouraging or enticing bona fide bidders to purchase, or for the purpose of stimulating competitive bidding to purchase. See New Hampshire Revised Statutes 358-G:1
- Person: means any person defined by N. See New Hampshire Revised Statutes 358-G:1