§ 161.711. How will BIA sell impounded livestock or other property?
96 words·~1 min read·
/us/cfr/t25/s§ 161.711·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)Unless the owner or known lien holder of the impounded livestock or other property redeems the property before the time set by the sale, by submitting proof of ownership and settling all obligations under §§ 161.704 and 161.712, the property will be sold by public sale to the highest bidder.
(b)If a satisfactory bid is not received, the livestock or property may be re-offered for sale, returned to the owner, condemned and destroyed, or otherwise disposed of.
(c)BIA will give the purchaser a bill of sale or other written receipt evidencing the sale.