Tenn. Comp. R. & Regs. 0080-02-09-.02

Current through September 10, 2024
Section 0080-02-09-.02 - DEFINITIONS
(1) Terms in this chapter share those meanings of terms set forth in T.C.A. § 44-11-101.
(2) When used in this chapter, unless the context requires otherwise:
(a) Act means T.C.A. § 44-11-101, et seq.;
(b) Public auction means the presentation of livestock, open to the public, where offers are solicited and competitive bidding is undertaken for sale of the livestock, with or without reservation;
(c) Property and fire insurance means insurance in an amount reasonably necessary to compensate persons for physical injuries to themselves or losses to their livestock while participating at any public auction;
(d) Regularly scheduled sales mean three or more public auctions held at the same location within the same calendar year;
(e) Sold at public auction means the conclusion of competitive bidding for any animal presented at public auction, typically signified by the fall of an auction hammer;
(f) Special sales mean any public auction where thirty or more head of livestock are presented.

Tenn. Comp. R. & Regs. 0080-02-09-.02

New rules 0080-02-09-.01 through .05 filed January 31, 2012; to have been effective June 30, 2012. The Department of Agriculture withdrew the proposed rules on May 2, 2012. New rules filed March 30, 2017; effective 6/28/2017.

Authority: T.C.A. §§ 4-3-203 and 44-11-112.