True or False: A livestock auctioneer must maintain an escrow account where bid calls are made.

In Kentucky, the requirement to maintain an escrow account is primarily associated with processes that handle transactional funds, such as real estate transactions or other buyer/seller agreements. Livestock auctioneers typically do not have the same legal obligations to maintain such an account specifically for bid calls. Instead, the way funds are managed may vary based on the auction's structure and the agreements in place.

Livestock auctions often involve immediate transactions where the funds from buyers are handled more directly, and there might not be a necessity for an escrow account unless dictated by specific agreements or state regulations. This aligns with the overall purpose of an escrow account, which is to secure funds until all parties have fulfilled their obligations, something that may not apply to all livestock auction scenarios. Thus, stating that livestock auctioneers must maintain an escrow account where bid calls are made is inaccurate in a general context, leading to the conclusion that the statement is false.