---
kind: "section"
citation: "26 C.F.R. § 403.56"
title: "26"
number: "403.56"
heading: "All bids on unit basis."
url: "https://uscodex.org/cfr/26/403.56"
---

# §403.56. All bids on unit basis.


All competitive bids shall be on a unit basis. Thus, for example, 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, a separate individual bid is required as to each automobile. The Commissioner or his delegate will not accept one blanket bid to cover the entire group of automobiles offered for sale.


## Notes

### Authority

Authority: Sec. 7805, 68A Stat. 917; 26 U.S.C. 7805.

### Source

Source: T.D. 7433, 41 FR 39312, Sept. 15, 1976, unless otherwise noted.