[Code of Federal Regulations]
[Title 27, Volume 1]
[Revised as of April 1, 2005]
From the U.S. Government Printing Office via GPO Access
[CITE: 27CFR72.62]

[Page 1196]
 
            TITLE 27--ALCOHOL, TOBACCO PRODUCTS AND FIREARMS
 
 CHAPTER I--ALCOHOL AND TOBACCO TAX AND TRADE BUREAU, DEPARTMENT OF THE 
                                TREASURY
 
PART 72_DISPOSITION OF SEIZED PERSONAL PROPERTY--Table of Contents
 
    Subpart F_Administrative Sale or Disposition of Personal Property
 
Sec. 72.62  All bids on unit basis.

    All competitive bids, whether sealed or otherwise, shall be on a 
unit basis, i.e. 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, there shall be a separate, individual bid required as to each 
automobile, and it shall not be permissible to accept one blanket bid to 
cover the entire group of cars offered for sale.