§ 40-6-05 Application of Chapter 1; conflicts
§ 40-6-10 Auctioneers’ Commission created; membership and qualifications; compensation
§ 40-6-20 Definitions
§ 40-6-50 Administrative support; authority vested in commission; license fees
§ 40-6-60 Adoption of rules and regulations
§ 40-6-70 Initiation of investigation of fitness
§ 40-6-80 Power to administer oaths and subpoena witnesses for purpose of investigation; taking evidence; compelling compliance
§ 40-6-90 Hearings
§ 40-6-100 Cease and desist order; petition for temporary restraining order; temporary injunction
§ 40-6-110 Grounds for action against licensee or one otherwise acting as auctioneer; licensee adjudged mentally incompetent
§ 40-6-115 Jurisdiction of commission
§ 40-6-120 Revocation, suspension, or restriction of license; final order of guilt as public knowledge; civil fines
§ 40-6-130 Grounds for disciplinary action as basis for denial of licensure
§ 40-6-140 Prior criminal record as grounds for denial of licensure
§ 40-6-150 Surrender of license
§ 40-6-160 Appeal
§ 40-6-170 Costs
§ 40-6-180 Payment of costs and fines
§ 40-6-190 Confidentiality; privileged communications
§ 40-6-200 Penalties
§ 40-6-210 Petition for injunctive relief
§ 40-6-220 Eligibility requirements for license as apprentice auctioneer; conduct of auction and review of records
§ 40-6-230 Eligibility requirements for license as auctioneer, purebred livestock auctioneer, or tobacco auctioneer
§ 40-6-235 Requirements for license as auction firm
§ 40-6-240 Term of licenses; renewal; proof of continuing education; lapsed license
§ 40-6-250 License required
§ 40-6-260 List of licensees
§ 40-6-270 Licensing of auctioneers licensed in another state
§ 40-6-280 “Absolute” auctions
§ 40-6-290 Written agreements between owner and auctioneer; records; possession of pocket card license
§ 40-6-300 Trust or escrow accounts; bank name and account number as requirement for issuance or renewal of license; notification of changes; records of transactions
§ 40-6-310 Estate auction requirements
§ 40-6-320 Licensing by municipalities prohibited
§ 40-6-330 Auctioneer Recovery Fund; maintenance and contributions; use of excess funds
§ 40-6-340 Claims against fund; notification of licensee; investigation
§ 40-6-350 Hearing by commission; compromise of claim; suspension of license pending repayment; subrogation
§ 40-6-360 Limitations on payments from fund
§ 40-6-370 Exceptions from applicability of chapter
§ 40-6-380 Severability

Terms Used In South Carolina Code > Title 40 > Chapter 6 - Auctioneers

  • Affirmed: In the practice of the appellate courts, the decree or order is declared valid and will stand as rendered in the lower court.
  • Answer: The formal written statement by a defendant responding to a civil complaint and setting forth the grounds for defense.
  • Appeal: A request made after a trial, asking another court (usually the court of appeals) to decide whether the trial was conducted properly. To make such a request is "to appeal" or "to take an appeal." One who appeals is called the appellant.
  • Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
  • Complaint: A written statement by the plaintiff stating the wrongs allegedly committed by the defendant.
  • Contract: A legal written agreement that becomes binding when signed.
  • Conviction: A judgement of guilt against a criminal defendant.
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Credit report: A detailed report of an individual's credit history prepared by a credit bureau and used by a lender in determining a loan applicant's creditworthiness. Source: OCC
  • Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
  • Department: means the Department of Labor, Licensing and Regulation;

    (5) "Director" means the Director of the Department of Labor, Licensing and Regulation or the director's official designee;

    (6) "Licensee" means a person granted an authorization to practice pursuant to this article and refers to a person holding a license, permit, certification, or registration granted pursuant to this article;

    (7) "Licensing act" means the individual statute or regulations, or both, of each regulated profession or occupation which include, but are not limited to, board governance, the qualifications and requirements for authorization to practice, prohibitions, and disciplinary procedures;

    (8) "Person" means an individual, partnership, or corporation;

    (9) "Profession" or "occupation" means a profession or occupation regulated or administered, or both, by the department pursuant to this article. See South Carolina Code 40-1-20
  • Discovery: Lawyers' examination, before trial, of facts and documents in possession of the opponents to help the lawyers prepare for trial.
  • Equitable: Pertaining to civil suits in "equity" rather than in "law." In English legal history, the courts of "law" could order the payment of damages and could afford no other remedy. See damages. A separate court of "equity" could order someone to do something or to cease to do something. See, e.g., injunction. In American jurisprudence, the federal courts have both legal and equitable power, but the distinction is still an important one. For example, a trial by jury is normally available in "law" cases but not in "equity" cases. Source: U.S. Courts
  • Escrow: Money given to a third party to be held for payment until certain conditions are met.
  • Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
  • Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
  • Fraud: Intentional deception resulting in injury to another.
  • Injunction: An order of the court prohibiting (or compelling) the performance of a specific act to prevent irreparable damage or injury.
  • Joint tenancy: A form of property ownership in which two or more parties hold an undivided interest in the same property that was conveyed under the same instrument at the same time. A joint tenant can sell his (her) interest but not dispose of it by will. Upon the death of a joint tenant, his (her) undivided interest is distributed among the surviving joint tenants.
  • Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
  • Lien: A claim against real or personal property in satisfaction of a debt.
  • National Credit Union Administration: The federal regulatory agency that charters and supervises federal credit unions. (NCUA also administers the National Credit Union Share Insurance Fund, which insures the deposits of federal credit unions.) Source: OCC
  • Nolo contendere: No contest-has the same effect as a plea of guilty, as far as the criminal sentence is concerned, but may not be considered as an admission of guilt for any other purpose.
  • Oath: A promise to tell the truth.
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • Oversight: Committee review of the activities of a Federal agency or program.
  • Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
  • Personal property: All property that is not real property.
  • Plea: In a criminal case, the defendant's statement pleading "guilty" or "not guilty" in answer to the charges, a declaration made in open court.
  • Probation: A sentencing alternative to imprisonment in which the court releases convicted defendants under supervision as long as certain conditions are observed.
  • Quorum: The number of legislators that must be present to do business.
  • Right of survivorship: The ownership rights that result in the acquisition of title to property by reason of having survived other co-owners.
  • Subpoena: A command to a witness to appear and give testimony.
  • Temporary restraining order: Prohibits a person from an action that is likely to cause irreparable harm. This differs from an injunction in that it may be granted immediately, without notice to the opposing party, and without a hearing. It is intended to last only until a hearing can be held.
  • Trust account: A general term that covers all types of accounts in a trust department, such as estates, guardianships, and agencies. Source: OCC
  • Trustee: A person or institution holding and administering property in trust.