SB 747
Sheriff auctions; online auctions; prohibiting charging of buyer's premium; requiring certain nonelectronic option for bidders; collection of payments; fees. Emergency.
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- Passed Senate
- Passed House
- To Governor
- Became Law
Bill overview
This bill addresses the rules and regulations surrounding sheriff’s auctions in Oklahoma. It prohibits sheriffs from charging a ‘buyer’s premium’ on items sold at auction, requires them to offer a certain non-electronic bidding option, and outlines procedures for collecting payments. The bill also aims to clarify how payments are handled during these auctions. This legislation is considered an emergency measure.
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