{"data":{"id":"us-ar/ark.-code-ann.-17-17-103","jurisdiction":"us-ar","citation":"Ark. Code Ann. § 17-17-103","heading":"Definitions","body":"As used in this chapter, unless the context otherwise requires: (1) \"Auction\" means: (A) A sales transaction conducted in person or electronically by means of one (1) or more oral or written exchanges between an auctioneer and a member of his or her audience, which includes an invitation for an offer for the purchase of personal property made by the auctioneer and an offer to purchase made by a member of his or her audience and culminates in the acceptance by the auctioneer of the highest or most favorable offer made by a member of the participating audience, if the sales transaction offers personal property: (i) Located within this state; or (ii) From a location within this state; (B) All transactions associated with what is commonly known and advertised as an estate sale in which an owner, homeowner, or representative of a deceased homeowner engages a person to offer for sale personal property at a specific location to liquidate some or all of the personal property: (i) Of the owner or homeowner; or (ii) Currently or formerly owned by a deceased homeowner; or (C) A sales transaction conducted in connection with any sale of personal property advertised as an auction or estate sale; (2) \"Auction house\" means an individual or entity that provides a facility for conducting an auction other than an estate sale; (3) \"Auctioneer\" means any person who conducts an auction; (4) \"Goods\" means any chattels, goods, merchandise, or personal property, or commodities of any form or type, which may be lawfully kept or offered for sale; (5) \"Livestock auction barn\" means a place where livestock is sold on a regular basis to the public; (6) \"Livestock auction barn auctioneer\" means an auctioneer who is solely engaged in the selling of livestock on a regular basis at one (1) or more locations; and (7) \"Persons\" includes individuals, associations, partnerships, and corporations, and the word \"persons\" shall also include the officers, directors, and employees of a corporation. Amended by Act 2023, No. 677,§ 2, eff. 8/1/2023. Amended by Act 2019, No. 386,§ 2, eff. 7/24/2019. Acts 1989, No. 266, § 3.\n\nAs used in this chapter, unless the context otherwise requires:\n\n(1) \"Auction\" means: (A) A sales transaction conducted in person or electronically by means of one (1) or more oral or written exchanges between an auctioneer and a member of his or her audience, which includes an invitation for an offer for the purchase of personal property made by the auctioneer and an offer to purchase made by a member of his or her audience and culminates in the acceptance by the auctioneer of the highest or most favorable offer made by a member of the participating audience, if the sales transaction offers personal property: (i) Located within this state; or (ii) From a location within this state; (B) All transactions associated with what is commonly known and advertised as an estate sale in which an owner, homeowner, or representative of a deceased homeowner engages a person to offer for sale personal property at a specific location to liquidate some or all of the personal property: (i) Of the owner or homeowner; or (ii) Currently or formerly owned by a deceased homeowner; or (C) A sales transaction conducted in connection with any sale of personal property advertised as an auction or estate sale;\n\n(A) A sales transaction conducted in person or electronically by means of one (1) or more oral or written exchanges between an auctioneer and a member of his or her audience, which includes an invitation for an offer for the purchase of personal property made by the auctioneer and an offer to purchase made by a member of his or her audience and culminates in the acceptance by the auctioneer of the highest or most favorable offer made by a member of the participating audience, if the sales transaction offers personal property: (i) Located within this state; or (ii) From a location within this state;\nor an offer for the purchase of personal property made by the auctioneer and an offer to purchase made by a member of his or her audience and culminates in the acceptance by the auctioneer of the highest or most favorable offer made by a member of the participating audience, if the sales transaction offers personal property: (i) Located within this state; or (ii) From a location within this state;\n\n(i) Located within this state; or\n\n(ii) From a location within this state;\n\n(B) All transactions associated with what is commonly known and advertised as an estate sale in which an owner, homeowner, or representative of a deceased homeowner engages a person to offer for sale personal property at a specific location to liquidate some or all of the personal property: (i) Of the owner or homeowner; or (ii) Currently or formerly owned by a deceased homeowner; or\n\n(i) Of the owner or homeowner; or\n\n(ii) Currently or formerly owned by a deceased homeowner; or\n\n(C) A sales transaction conducted in connection with any sale of personal property advertised as an auction or estate sale;\n\n(2) \"Auction house\" means an individual or entity that provides a facility for conducting an auction other than an estate sale;\n\n(3) \"Auctioneer\" means any person who conducts an auction;\n\n(4) \"Goods\" means any chattels, goods, merchandise, or personal property, or commodities of any form or type, which may be lawfully kept or offered for sale;\n\n(5) \"Livestock auction barn\" means a place where livestock is sold on a regular basis to the public;\n\n(6) \"Livestock auction barn auctioneer\" means an auctioneer who is solely engaged in the selling of livestock on a regular basis at one (1) or more locations; and\n\n(7) \"Persons\" includes individuals, associations, partnerships, and corporations, and the word \"persons\" shall also include the officers, directors, and employees of a corporation.","path":["AR Code","Title 17","Chapter 17","Subchapter 1"],"source_url":"https://oss-data-us.vaquill.ai/v2026.08/us_ar_statutes.parquet","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:41Z","sha256":"c1c14c510f49defc306da23b52d192dc94ca8ed2e63c14e51ef2c13803957a87","source_id":"us-ar","stale":false,"prev":"us-ar/ark.-code-ann.-17-17-102","next":"us-ar/ark.-code-ann.-17-17-104"},"notice":"GroundRules: Original legal text. Not legal advice."}