§ 2001. IMPROVEMENT OF INTELLIGENCE CAPABILITIES OF THE FEDERAL BUREAU OF INVESTIGATION.
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(a)Property in the possession of a receiver or receivers appointed by one or more district courts shall be sold at public sale in the district wherein any such receiver was first appointed, at the courthouse of the county, parish, or city situated therein in which the greater part of the property in such district is located, or on the premises or some parcel thereof located in such county, parish, or city, as such court directs, unless the court orders the sale of the property or one or more parcels thereof in one or more ancillary districts.
(b)After a hearing, of which notice to all interested parties shall be given by publication or otherwise as the court directs, the court may order the sale of such realty or interest or any part thereof at private sale for cash or other consideration and upon such terms and conditions as the court approves, if it finds that the best interests of the estate will be conserved thereby. Before confirmation of any private sale, the court shall appoint three disinterested persons to appraise such property or different groups of three appraisers each to appraise properties of different classes or situated in different localities. No private sale shall be confirmed at a price less than two-thirds of the appraised value. Before confirmation of any private sale, the terms thereof shall be published in such newspaper or newspapers of general circulation as the court directs at least ten days before confirmation. The private sale shall not be confirmed if a bona fide offer is made, under conditions prescribed by the court, which guarantees at least a 10 per centum increase over the price offered in the private sale.
(c)This section shall not apply to sales and proceedings under Title 11 or by receivers or conservators of banks appointed by the Comptroller of the Currency.
(June 25, 1948, ch. 646, 62 Stat. 958; May 24, 1949, ch. 139, § 99, 63 Stat. 104.)
Historical and Revision Notes
1948 Act
Based on title 28, U.S.C., 1940 ed., § 847 (Mar. 3, 1893, ch. 225, § 1, 27 Stat. 751; June 19, 1934, ch. 662, 48 Stat. 1119; Apr. 24, 1935, ch. 77, § 1, 49 Stat. 159; June 19, 1935, ch. 276, 49 Stat. 390).
A provision making the section applicable to pending proceedings was deleted as obsolete.
The term “court of the United States” is defined in section 451 of this title.
Changes were made in phraseology.
1949 Act
This section corrects a typographical error in subsection
(a)of section 2001 of title 28, U.S.C.
Connections5 cite this · traces to 2
Cited by 5 sections · top 3
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12 references not yet in our index
- June 25, 1948, ch. 646
- 62 Stat. 958
- May 24, 1949, ch. 139, § 99
- 63 Stat. 104
- Mar. 3, 1893, ch. 225, § 1
- 27 Stat. 751
- June 19, 1934, ch. 662
- 48 Stat. 1119
- Apr. 24, 1935, ch. 77, § 1
- 49 Stat. 159
- June 19, 1935, ch. 276
- 49 Stat. 390
Citation graph
cites case law
§ 2001
IMPROVEMENT OF INTELLIGENCE CAPABILITIES OF THE FEDERAL BUREAU OF INVESTIGATION.
IRM×3
U.S.C.×2
ActJune 25, 1948, ch. 646
Stat.62 Stat. 958
ActMay 24, 1949, ch. 139, § 99
Stat.63 Stat. 104
ActMar. 3, 1893, ch. 225, § 1
Cites 14 · showing 7Cited by 5 across 2 sources