{"schemaVersion":1,"recordType":"legal-article","id":"law:eri:code:civil-procedure:2015:article:466","workId":"law:eri:code:civil-procedure:2015","expressionId":"law:eri:code:civil-procedure:2015:en","title":"Second Auction","number":"466","language":"en","canonicalUrl":"https://eriatlas.com/law/civil-procedure-code-2015/article/466/","hierarchy":{"book":"BOOK VII — ATTACHMENT AND EXECUTION OF DECREES","title":"TITLE II — MODES OF EXECUTION","chapter":"Chapter 4. — Sale Generally"},"paragraphs":[{"id":"p1","number":"1","text":"Where the highest bid at a sale by auction does not reach a sum equal to the value specified in the proclamation, a second sale by auction shall be held after the issuance of a fresh proclamation in the manner and within the time specified for the first auction.","canonicalUrl":"https://eriatlas.com/law/civil-procedure-code-2015/article/466/#p1","sourceTargets":[{"sourceId":"civil-procedure-code-2015-en","pdfPage":242,"url":"https://eriatlas.com/sources/civil-procedure-code-2015/page/242/?article=466&paragraph=p1#article-466-p1"}]},{"id":"p2","number":"2","text":"The beginning value for the second auction shall be half of the estimated value for the first auction.","canonicalUrl":"https://eriatlas.com/law/civil-procedure-code-2015/article/466/#p2","sourceTargets":[{"sourceId":"civil-procedure-code-2015-en","pdfPage":242,"url":"https://eriatlas.com/sources/civil-procedure-code-2015/page/242/?article=466&paragraph=p2#article-466-p2"}]},{"id":"p2-2","number":"2","text":"Where no bidder presents himself at the second auction, the court may, notwithstanding any provision to the contrary, authorize the decree-holder to take possession of the property ordered to be sold at its estimated value in full or partial satisfaction of the decree, as the case may be.","canonicalUrl":"https://eriatlas.com/law/civil-procedure-code-2015/article/466/#p2-2","sourceTargets":[{"sourceId":"civil-procedure-code-2015-en","pdfPage":242,"url":"https://eriatlas.com/sources/civil-procedure-code-2015/page/242/?article=466&paragraph=p2-2#article-466-p2-2"}]}],"caution":"This is the English-language edition published in 2015 and attributed in its front matter to the Ministry of Justice. Refworld labels it an unofficial translation. Eri Atlas has not independently verified the translation, later changes, or whether the text is currently in force."}