Georgia § 43-6-11 - 1. Application by company for registration; exemptions; trust accounts.
Full text of Georgia Official Code of Georgia Annotated § 43-6-11 — 1. Application by company for registration; exemptions; trust accounts., with citation guidance and answers to common questions.
§ 43-6-11. 1. Application by company for registration; exemptions; trust accounts.
No company shall be registered to engage in the business of auctioning unless such company furnishes to the commission: A completed application form as prescribed by the commission; Satisfactory evidence approved by the commission that the company employs or shall employ an auctioneer licensed under the provisions of this chapter to conduct any auctions in this state; and If such company is a foreign corporation, satisfactory evidence approved by the commission that such company is authorized to do business in this state and is registered in accordance with Chapter 3 of Title 14. A company owned by or employing one or more full-time auctioneers licensed by the commission may be exempt from subsection (a) of this Code section, provided that such company is directly supervised by a licensed auctioneer. A company licensed under Chapter 47 and Chapter 48 of this title which engages in the business of auctioning on behalf of insurance companies and financial institutions shall not be subject to the requirements of paragraph (3) of Code Section 43-6-18. An auction company must maintain at all times an active trust account and register such account with the Georgia Auctioneers Commission. (Code 1981, § 43-6-11.1 , enacted by Ga. L. 1987, p. 596, § 3; Ga. L. 1989, p. 1409, § 3; Ga. L. 1991, p. 801, § 2; Ga. L. 1996, p. 657, § 5.) Administrative Rules and Regulations. - Company registration, Official Compilation of the Rules and Regulations of the State of Georgia, Georgia Auctioneers Commission, Chapter 55-7.
Source: official Georgia text · Last verified 2026-08-27
Frequently Asked Questions About Georgia § 43-6-11
What does Official Code of Georgia Annotated § 43-6-11 cover?
Section 43-6-11 ("1. Application by company for registration; exemptions; trust accounts.") is part of the Official Code of Georgia Annotated, the codified statutory law of Georgia. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Georgia § 43-6-11?
A common citation format is "Official Code of Georgia Annotated § 43-6-11" (Georgia). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Georgia law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Georgia official source linked on this page or consult a licensed Georgia attorney.
How does Georgia § 43-6-11 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Georgia can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Georgia.