Public Law 73–662

That section 1 of

Real property sales under court order.

Vol. 27, p. 751; U.S.C., p. 944.

the Act of Congress approved the 3d day of March 1893, chapter 225, be amended so as to read as follows:

“All real estate or any interest in land sold under any order or

Requirement.

decree of any United States court shall be sold at public sale at the courthouse of the county, parish, or city in which the property, or the greater part thereof, is located, or upon the premises, as the court rendering such order or decree of sale may direct: Provided, however,

Provisos.

Private sales.

That the court may, upon petition therefor and a hearing thereon after such notice to parties in interest as said court shall direct, if it find that the best interests of said estate will be conserved thereby, order and decree the sale of such real estate or interest in land at private sale: Provided further, That the court shall appoint

Appraisal and confirmation.

three disinterested persons to appraise said property, and said sale shall not be confirmed for less than two thirds of the appraised value.”