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Index  » Subchapter F  » Reg. 403.56

Reg. 403.56
All bids on unit basis

January 15, 2021

§ 403.55 « Browse » § 403.57

Treas. Reg. § 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.


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