The Auctioneers Rules | Legal Notice 120 of 1997 — Kenya law | Esheria

The Auctioneers Rules

The Rules may be cited as the Auctioneers Rules.

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Jurisdiction
Kenya
Instrument
Notice
Citation
Legal Notice 120 of 1997
Version
Undated source snapshot
Language
en

Source attribution: Source: Kenya Law

Statute overview

About this statute

The Rules may be cited as the Auctioneers Rules. Defines as interpretation: 'money' that is held or received by an auctioneer as a deposit against fees to be earned or disbursements to be incurred. Section 3 lists documentary, qualification, premises, deposit and insurance requirements for licence applicants, plus powers for the Chief Justice to prescribe fees/amounts and the Board to approve applications; certain requirements apply only after Board approval. When issuing a licence, the Board must also issue an identification card to the licensee under section 13 of the Act. A debtor may, before the seized or repossessed property is sold, apply to a court to have it valued by an independent valuer.