Mississippi § 73-4-35 - Standards governing performance of duties of auctioneers; accounting and payment of monies to owners or consignors of goods involved in auction.
Full text of Mississippi Mississippi Code of 1972 Annotated § 73-4-35 — Standards governing performance of duties of auctioneers; accounting and payment of monies to owners or consignors of goods involved in auction., with citation guidance and answers to common questions.
§ 73-4-35. Standards governing performance of duties of auctioneers; accounting and payment of monies to owners or consignors of goods involved in auction.
In performing the duties of an auctioneer, every auctioneer shall follow all reasonable requests of the owner or consignor of the goods being sold at the auction. Every auctioneer shall perform such auctioneer’s duties so that the highest or most favorable offer made by a member of the audience is accepted, and shall otherwise perform such duties in accordance with the highest standards of the auctioneering profession. Every licensee, within five (5) business days after the sale transaction, shall account to, or provide an accounting for, those persons who own or who are acting as consignor of goods which are the subject of an auction engaged in or conducted by such licensee or upon such licensee’s premises. Every licensee, within five (5) business days after a sale of goods and at closing of the sale, shall pay over, or provide for the paying over of, all monies and proceeds due to the owner or consignor of goods which was the subject of an auction engaged in or conducted by such licensee or upon such licensee’s premises.
Source: official Mississippi text · Last verified 2026-08-27
Frequently Asked Questions About Mississippi § 73-4-35
What does Mississippi Code of 1972 Annotated § 73-4-35 cover?
Section 73-4-35 ("Standards governing performance of duties of auctioneers; accounting and payment of monies to owners or consignors of goods involved in auction.") is part of the Mississippi Code of 1972 Annotated, the codified statutory law of Mississippi. 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 Mississippi § 73-4-35?
A common citation format is "Mississippi Code of 1972 Annotated § 73-4-35" (Mississippi). 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 Mississippi law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Mississippi official source linked on this page or consult a licensed Mississippi attorney.
How does Mississippi § 73-4-35 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Mississippi 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 Mississippi.