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Auctioneers Rules, 1997 🇰🇪

Kenya 18 Citing Cases

REPUBLIC OF KENYA

Auctioneers Act, 1996

Legal Notice No. 120

Auctioneers Rules, 1997

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Part I – PRELIMINARY

1. Citation

These Rules may be cited as the Auctioneers Rules, 1997.

2. Interpretation

In these Rules, unless the context otherwise requires—accountant’s certificate” means certificate issued under rule 25;client” means a person on whose account an auctioneer holds or receives clients’ money;client account” means a current or deposit account at a bank or with a building society or a financial institution (as defined under the Banking Act (Cap. 488)) in the name of the auctioneer but in the title of which either the word “client” or the word “trust” appears;client money” means money held or received by an auctioneer on account of a person for whom he is acting in relation to the holdin…

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