[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: 27CFR72.68]

[Page 383]
 
            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.  72.68  Sale on sealed, competitive bids.

    If the property or carrier is to be sold to the highest bidder on 
sealed, competitive bids, the notice of sale shall so specify, and shall 
state the date, hour, and place of sale, and the date, hour, and place 
before the sale when and where the property, including carriers, may be 
viewed by prospective sealed bidders, and necessary information 
obtained. All sealed bids must be filed with the Director or his 
delegate before the sale. No bids will be accepted after the sale 
starts. At the appointed date, hour, and place of sale, all sealed bids 
timely filed shall be opened in the presence of all bidders attending 
the sale, who shall have the privilege of inspecting the bids if they so 
desire.

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