[Code of Federal Regulations]
[Title 26, Volume 18]
[Revised as of April 1, 2004]
From the U.S. Government Printing Office via GPO Access
[CITE: 26CFR403.56]

[Page 780]
 
                       TITLE 26--INTERNAL REVENUE
 
    CHAPTER I--INTERNAL REVENUE SERVICE, DEPARTMENT OF THE TREASURY 
                               (CONTINUED)
 
PART 403_DISPOSITION OF SEIZED PERSONAL PROPERTY--Table of Contents
 
           Subpart F_Administrative Sale of Personal Property
 
Sec. 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.