Officers of Bank not to bid at sales

At any sale of movable or immovable property, held under the provisions of this Chapter, no officer or employee or an of the family members of the officer or the employee of the Land Development Bank or the State Land Development Bank, except on behalf of the bank of which he is an officer or an employee, and no person having any duty to perform in connection with such sale, shall either directly or indirectly bid for or acquire or attempt to acquire any interest is such property