Full legislation
s.3
Rule respecting sales without reserve
(1) The particulars or conditions of sale by auction of any land shall state whether such land will be sold without reserve, or subject to a reserved price, or whether a right to bid is reserved. (2) If it is stated that such land will be sold without reserve or to that effect, then it shall not be lawful for the seller to employ any person to bid at such sale or for the auctioneer to take knowingly any bidding from any such person. [cf. 1867 c. 48 s. 5 U.K.]