26 C.F.R. § 403.56

Current through October 31, 2024
Section 403.56 - All bids on unit basis

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.

26 C.F.R. § 403.56