Virginia § 54.1-600 - Definitions
Full text of Virginia Code of Virginia § 54.1-600 — Definitions, with citation guidance and answers to common questions.
§ 54.1-600. Definitions
As used in this chapter, unless the context requires a different meaning:
"Absolute auction" means an auction where at the time of the auction sale the real or personal property to be sold will pass to the highest bidder regardless of the amount of the highest and last bid.
"Auction" means the sale of goods or real estate by means of exchanges between an auctioneer and members of his audience, the exchanges consisting of a series of invitations for offers made by the auctioneer, offers made by members of the audience, and acceptance by the auctioneer of the highest or most favorable offer.
"Auction firm" means any corporation, partnership or entity, except a sole proprietorship, performing any of the acts of an auctioneer as defined in this section.
"Auctioneer" means any person who conducts or offers to conduct an auction.
"Board" means the Auctioneers Board.
"Director" means the Director of the Department of Professional and Occupational Regulation.
"Goods" means any chattels, merchandise, real or personal property, or commodities of any form or type which may be lawfully kept or offered for sale.
"Person" means any natural person, association, partnership, or corporation, and the officers, directors, and employees of a corporation.
"Virginia licensed auctioneer" means any auctioneer who meets the requirements for licensure as prescribed by the Board.
1982, c. 538, § 54-824.2; 1983, c. 522; 1986, c. 61; 1988, c. 765; 1991, c. 299; 2003, c. 367.
Frequently Asked Questions About Virginia § 54.1-600
What does Code of Virginia § 54.1-600 cover?
Section 54.1-600 ("Definitions") is part of the Code of Virginia, the codified statutory law of Virginia. 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 Virginia § 54.1-600?
A common citation format is "Code of Virginia § 54.1-600" (Virginia). 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 Virginia law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Virginia official source linked on this page or consult a licensed Virginia attorney.
How does Virginia § 54.1-600 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Virginia 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 Virginia.