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Treasury Regulations · 26 CFR

§ 403.57. Conditions of sale.

In effect eCFR current as of October 15, 2026

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 § 403.57

At a glance

Read from the text and its source citation. Not part of the regulation.

Status
In the current eCFR
Issued
September 15, 1976 by T.D. 7433
Last amended
December 23, 1977 by T.D. 7525
Length
152 words · about 1 min to read
Cross-references
cites 2 Code sections and 1 regulation; cited by 0
(a) No recourse. All personal property to be sold shall be offered for sale “as is” and without recourse against the United States.
(b) No guarantee. No guarantee or warranty, expressed or implied, shall be given or understood in respect of any forfeited property offered for sale.
(c) No sale.
(1) The United States reserves the right to reject any bids.
(2) In a case in which all bids are rejected the Commissioner or his delegate shall re-advertise the property for sale in the manner prescribed in § 403.55.
(d) One bid. When only one bid is received for a single unit of property such bid shall be the highest bid received for such property.

(Sec. 7325, 68A Stat. 870, as amended (26 U.S.C. 7325 (1), (4)); sec. 7326, 72 Stat. 1429, as amended (26 U.S.C. 7326(a)))

[T.D. 7433, 41 FR 39312, Sept. 15, 1976, as amended by T.D. 7525, 42 FR 64344, Dec. 23, 1977]

Cross-references

Computed from the citations in the text of 26 CFR.

Code sections it cites

Regulations it cites

Amendment history

From the source citation at the end of the section, newest first. T.D. is a Treasury decision; FR is the Federal Register.

  1. Amended by T.D. 7525 (42 FR 64344)
  2. Issued by T.D. 7433 (41 FR 39312)

Where it sits in 26 CFR

  1. Subchapter F Procedure and administration
  2. Part 403 Disposition of seized personal property
  3. Subpart F Administrative Sale of Personal Property

Nearby sections