26 USC 7325 - Personal property valued at $100,000 or less

U.S Code last checked for updates: Jan 18, 2025

§ 7325.

Personal property valued at $100,000 or less

In all cases of seizure of any goods, wares, or merchandise as being subject to forfeiture under any provision of this title which, in the opinion of the Secretary, are of the appraised value of $100,000 or less, the Secretary shall, except in cases otherwise provided, proceed as follows:

(1)

List and appraisement

(2)

Notice of seizure

(3)

Execution of bond by claimant

(4)

Sale in absence of bond

(Aug. 16, 1954, ch. 736, 68A Stat. 870; Pub. L. 85–859, title II, § 204(10), (12), Sept. 2, 1958, 72 Stat. 1429; Pub. L. 85–866, title I, § 78, Sept. 2, 1958, 72 Stat. 1662; Pub. L. 94–455, title XIX, § 1906(b)(13)(A), Oct. 4, 1976

cite as: 26 USC 7325