50GPermissible vendor bids

50G Permissible vendor bids (1) Despite section 50D(2), the auctioneer of a motor car at an auction may make a bid on behalf of an owner of the motor car if— (a) before any bidding starts, the auctioneer orally declares at the auction that the auctioneer may make a bid on behalf of the owner; and (b) in the case of a public auction, immediately before, or in the process of, making the bid, the auctioneer audibly states that the bid is being made on behalf of the owner. (2) It is sufficient compliance with the requirement under subsection (1)(b) to identify a bid as a bid on behalf of the owner if the auctioneer states "vendor bid" in making the bid. (3) It is not sufficient compliance with the requirement under subsection (1)(b) to identify a bid as a bid on behalf of the owner if the auctioneer merely identifies the owner by name without stating that the person is an owner of the motor car. S. 50H inserted by No. 4/2008 s. 16.