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e-CFR data is current as of August 6, 2020

Title 7Subtitle BChapter VIISubchapter DPart 767Subpart D → §767.155


Title 7: Agriculture
PART 767—INVENTORY PROPERTY MANAGEMENT
Subpart D—Disposal of Inventory Property


§767.155   Selling chattel property.

(a) Method of sale. (1) The Agency will use sealed bid or established public auctions for selling chattel. The Agency does not require public notice of sale in addition to the notice commonly used by the auction facility.

(2) The Agency may sell chattel inventory property, including fixtures, concurrently with real estate inventory property if, by doing so, the Agency can obtain a higher aggregate price. The Agency may accept an offer for chattel based upon the combined final sales price of both the chattel and real estate.

(b) Agency-financed sales. The Agency may finance the purchase of chattel inventory property if the Agency has direct or guaranteed OL loan funds available and all applicable loan making requirements are met.

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