California Code of Civil Procedure

§ 873.740

CCP § 873.740Title 10.5 · Part 2 · Ch. 6 · Art. 3

Statute text

(a)If at the hearing under Section 873.730 a responsible bidder makes a written increased offer that exceeds the sale price by at least 10 percent on the first ten thousand dollars ($10,000) and 5 percent on the amount in excess thereof, the court in its discretion may do either of the following:

(1)Vacate the sale and direct that a new sale be made.

(2)Vacate the sale, accept the increased offer, and confirm the sale to the offerer.

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Legislative history

Added by Stats. 1976, Ch. 73.