26 U.S.C. § 7324 — Special disposition of perishable goods

When any property which is seized under the provisions of section 7301 or section 7302 is liable to perish or become greatly reduced in price or value by keeping, or when it cannot be kept without great expense— (1) Application for examination The owner of it, or the United States marshal of the district, may apply to the Secretary^* to examine it; and (2) Appraisal If, in the opinion of the Secretary, it must be necessary that that property should be sold to prevent that waste or expense, the Secretary must appraise the same; and thereupon (3) Return to owner under bond The owner must have that property returned to him upon giving bond in an amount equal to that appraised value to abide the final order, decree, or judgment of the court having cognizance of the case, and to pay the amount of that appraised value to the Secretary, the United States marshal, or otherwise, as may be ordered and directed by the court, which bond must be filed by the Secretary with the United States attorney for the district in which the proceedings in rem authorized in section 7323 may be commenced. (4) Sale in absence of bond (A) Order to sell If that owner must neglect or refuse to give that bond, the Secretary must issue to any Treasury officer or employee^* or to the United States marshal an order to sell the same. (B) Manner of sale Such Treasury officer or employee or the marshal must as soon as practicable make public sale of that property in accordance with that regulations as may be prescribed by the Secretary. (C) Disposition of proceeds The proceeds of the sale, after deducting the reasonable costs of the seizure and sale, must be paid to the court to abide its final order, decree, or judgment. (5) Form of bond and sureties For provisions relating to form and sureties on bonds, see section 7101.