43 CFR 30.419 – What happens after the successful bidder submits payment?
Current as of: 2024 | Check for updates
|
Other versions
When the judge is notified by BIA that BIA has received payment, the judge will issue an order:
Terms Used In 43 CFR 30.419
- Life estate: A property interest limited in duration to the life of the individual holding the interest (life tenant).
- Remainder: An interest in property that takes effect in the future at a specified time or after the occurrence of some event, such as the death of a life tenant.
(a) Approving the sale and stating that title must transfer as of the date the order becomes final; and
(b) For the sale of an interest subject to a life estate, directing allocation of the proceeds of the sale and accrued income among the holder of the life estate and the holders of any remainder interests using 25 CFR part 179.