C-25.01 - Code of Civil Procedure

Section 754 Disposition versions

2016-01-01

754. In the case of a sale by auction, the bailiff sets out in the notice of sale the nature of the property, the reserve price, if any, and sufficient information to allow bids to be made. Also to be included is the bailiff’s name and contact information and those of the auctioneer selected, if any.

If bids may be entered by way of information technology, the notice must state how and when bids will be received and must specify the closing date.

At the sale, the bailiff or the auctioneer, as applicable, may, in the interests of the creditors or the debtor, refuse a bid, withdraw the property and put it up for sale again, with or without a reserve price, or end the sale.

2014, c. 1, a. 754.