[Code of Federal Regulations]
[Title 27, Volume 2]
[Revised as of April 1, 2007]
From the U.S. Government Printing Office via GPO Access
[CITE: 27CFR72.63]

[Page 382]
 
            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.  72.63  Conditions of sale.

    (a) No recourse. All personal property and carriers 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 or 
carrier offered for sale.
    (c) No sale. (1) The United States reserves the right to reject any 
and all bids received at public auction and in sealed, competitive bid 
sales.
    (2) When ``no sale'' is declared for property other than cigars, 
cigarettes, and cigarette papers and tubes, the Director or his delegate 
shall re-advertise the property for sale.
    (3) When ``no sale'' is declared for cigars, cigarettes, or 
cigarette papers or tubes, such property shall be destroyed or, if fit 
for human consumption, be given to a Federal or State hospital or 
institution.
    (d) One bid. When only one bid is received for a single unit of 
property or a carrier offered at public auction or in a sealed, 
competitive bid sale, such bid shall be considered to be and treated as 
the highest bid received for that property or carrier.

[T.D. ATF-9, 39 FR 9954, Mar. 15, 1974, as amended by T.D. ATF-183, 49 
FR 37061, Sept. 21, 1984]