Tennessee Code 62-19-120 – Effect of revocation of auctioneer’s license on affiliate auctioneers
Current as of: 2023 | Check for updates
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Terms Used In Tennessee Code 62-19-120
- Affiliate auctioneer: means an individual who, for compensation or valuable consideration, or otherwise, is employed, directly or indirectly, by a principal auctioneer to deal or engage in any activity described in subdivision (9). See Tennessee Code 62-19-101
- Auctioneer: means a principal auctioneer, bid caller auctioneer, or public automobile auctioneer. See Tennessee Code 62-19-101
The license of an affiliate auctioneer shall be automatically suspended upon the revocation or suspension of the license of the auctioneer by whom the affiliate auctioneer is employed. The affiliate auctioneer may retain the affiliate auctioneer’s license by transferring to the employment of another licensed auctioneer within twenty-one (21) days of the effective date of the revocation or suspension.