Treasury Regulations · 26 CFR
§ 403.55. Alternative methods of sale.
Regulation text, no changes From the eCFR, current as of October 15, 2026. The eCFR is an authoritative but unofficial editorial compilation of the Code of Federal Regulations; the official text is the annual CFR on govinfo. Compare it with this section on ecfr.gov (external site) or the official annual CFR on govinfo (external site).
Cite as 26 CFR § 403.55
At a glance
Read from the text and its source citation. Not part of the regulation.
- Status
- In the current eCFR
- Source
- T.D. 7433, 41 FR 39312, Sept. 15, 1976, unless otherwise noted.
- Length
- 103 words · about 1 min to read
- Cross-references
- cites 1 Code section and 0 regulations; cited by 1
When personal property forfeited administratively is to be sold, the Commissioner or his delegate shall cause a notice of sale to be placed in a newspaper of general circulation published in the judicial district wherein the seizure was made. The sale shall occur not less than 10 days from the date of the publication of the notice. At the discretion of the Commissioner or his delegate the forfeited personal property may be sold at public auction to the highest bidder on open, competitive bids, or sold to the highest bidder on sealed, competitive bids.
(Sec. 7325, 68A Stat. 870, as amended; (26 U.S.C. 7325))
Cross-references
Computed from the citations in the text of 26 CFR.
Code sections it cites
Cited by 1 other regulation
Where it sits in 26 CFR
- Subchapter F Procedure and administration
- Part 403 Disposition of seized personal property
- Subpart F Administrative Sale of Personal Property
Nearby sections
- § 403.55 Alternative methods of sale.
- § 403.56 All bids on unit basis.
- § 403.57 Conditions of sale.
- § 403.58 Acceptable forms of payment.
- § 403.60 Purchaser entitled to bill of sale.