26 USC 7505 - Sale of personal property acquired by the United States
Legal Research Home >
US Code > Internal Revenue Code > 26 USC 7505 - Sale of personal property acquired by the United States
Sec. 7505. Sale of personal property acquired by the United States
(a)
Sale
Any personal property acquired by the United States in payment of or as security for debts arising under the internal revenue laws may be sold by the Secretary in accordance with such regulations as may be prescribed by the Secretary.
(b)
Accounting
In case of the resale of such property, the proceeds of the sale shall be paid into the Treasury as internal revenue collections, and there shall be rendered a distinct account of all charges incurred in such sales.
Sections: 7122 7123 7124 7501 7502 7503 7504 7505 7506 7507 7508 7508A 7509 7510 7512
Last modified: July 21, 2011
|
