Ohio Code 4707.151 – Bid rigging prohibition
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(A) No person shall engage in bid rigging.
Terms Used In Ohio Code 4707.151
- Auction: includes a sale of real or personal property, goods, or chattels in which there has been a solicitation or invitation by advertisement to the public for an advance in bidding using sealed bidding, provided that the bids are opened and there is a call for an advancement of the bids. See Ohio Code 4707.01
- Person: means an individual, sole proprietor, corporation, limited liability company, association, or partnership. See Ohio Code 4707.01
(B) As used in this section, “bid rigging” means a conspiracy between auctioneers, any participants in an auction, or any other persons who agree not to bid against each other at an auction or who otherwise conspire to decrease or increase the number or amounts of bids offered at auction.
Last updated July 7, 2022 at 2:13 PM