31 U.S.C. § 3715 Buying Real Property of a Debtor

• Library: United States Statutes
• Edition: 2023
• Currency: Current through P.L. 118-34 (published on www.congress.gov on 12/26/2023), except for [P. L. 118-31]
• Year: 2023
• Citation: 31 U.S.C. § 3715

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.

Cite as 31 U.S.C. § 3715

Source: Pub. L. 97-258, Sept. 13, 1982, 96 Stat. 972.

current through 8/1/2023

<TABLE> <TR><TD colspan="3">HISTORICAL AND REVISION NOTES</TD> </TR> <TR> <TD>Revised Section</TD> <TD>Source (U.S. Code)</TD> <TD>Source (Statutes at Large)</TD> </TR> <TR> <TD>3715</TD> <TD>31:195.</TD> <TD>R.S. §3470; June 2, 1965, Pub. L. 89-30, §5, 79 Stat. 119.</TD> </TR> </TABLE>