31 U.S.C. § 3715 — Buying real property of a debtor
submitted 44 years ago by Pub. L. 97-258 to r/title-31-MONEY-AND-FINANCE · 88 words · no verdicts yet
This section addresses buying real property of a debtor. It sets the rules, duties, permissions, or limits stated in the section.
The head of an agency for whom a civil action is brought against a debtor of the United States Government may buy real property of the debtor at a sale on execution of the real property of the debtor resulting from the action. The head of the agency may not bid more for the property than the amount the judgment for which the property is being sold, and costs. The marshal of the district in which the sale is held must transfer the property to the Government.
The head of an agency for whom a civil action is brought against a debtor of the United States Government may buy real property of the debtor at a sale on execution of the real property of the debtor resulting from the action. The head of the agency may not bid more for the property than the amount of the judgment for which the property is being sold, and costs. The marshal of the district in which the sale is held shall transfer the property to the Government.
Source credit: (Pub. L. 97–258, Sept. 13, 1982, 96 Stat. 972.)
- 1982Enacted · Pub. L. 97-258 · 96 Stat. 972
A history note hasn’t been published yet. The record shows enactment by Pub. L. 97-258 on 1982-09-13.
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