26 CFR § 403.56 Disposition of Seized Personal Property

§ 403.56 All bids on unit basis.

Current through Oct 2, 2026 · Read all of Part 403

All competitive bids shall be on a unit basis. Thus, for example, if a number of forfeited automobiles are advertised for sale at the same date, hour and place, whether or not in the same notice of sale, a separate individual bid is required as to each automobile. The Commissioner or his delegate will not accept one blanket bid to cover the entire group of automobiles offered for sale.

← § 403.55 Alternative methods of sale.§ 403.57 Conditions of sale. →