S.D. Admin. R. 20:69:06:09

Current through Register Vol. 51, page 57, November 12, 2024

Section 20:69:06:09 - Certain acts prohibited

Prohibited acts include the following:

(1) Knowingly receiving or using a rafter bid, puffing of a bid, or any type of bid rigging such as utilizing the services of a shill;

(2) Knowingly permitting an unlicensed individual to call or take bids in an auction sale; or

(3) Knowingly misleading or creating a false impression among the seller, buyer, or bidders in the advertising, conduct, and closing of an auction.

S.D. Admin. R. 20:69:06:09

5 SDR 12, effective 8/14/1978; 12 SDR 151, 12 SDR 155, effective 7/1/1986; 15 SDR 100, effective 1/10/1989; transferred from; 47 SDR 037, effective 10/5/2020; 50 SDR 019, effective 8/30/2023

General Authority: SDCL 36-21A-89(5).

Law Implemented: SDCL 36-21A-1, 36-21A-6, 36-21A-27, 36-21A-47, 36-21A-68, 36-21A-71, 36-21A-72.