section 272
Second auction or forgoing of alienation
The Portuguese Civil Code, 1867General18672540 sections
Statutory text
If the assets are straight away put on auction for the price corresponding to the valuation, and there is no bidder, there will not be a second auction for the same price, and the family council shall decide whether it will not proceed with the sale or whether the assets shall again be put to auction at a lower price, which in this case may be determined by the said council.
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