Section 12-6-8.101.03.3 - Auctions Held on Agency PropertyWhen conducting an auction at the agency location, a decision must be made as to the extent of the involvement by the auction company. The two options available are:
(1) Will the auction company only be required to sell each item with no involvement in any other aspect; i.e., advertisement, item numbering, paper work, collection, etc; or(2) Will the auction company provide a "lock and key" job? In which case the auction company will be responsible for all aspects of the auction up to the depositing of receipts.12 Miss. Code. R. 6-8.101.03.3