Joke Collection Website - Blessing messages - The final payment of the judicial auction was delayed for several days.
The final payment of the judicial auction was delayed for several days.
Legal basis: Provisions of the Supreme People's Court on Auction and Sale of Property in Civil Execution by People's Courts.
Article 26 After the auction of real estate, chattel or other property rights is over or the debts are paid off, the ownership and other property rights of the real estate and chattel shall be transferred from the time the auction is over or the judgment for paying off debts is served on the buyer or receiver.
Article 27. After the people's court has ruled that the auction is completed or the auctioned property is used to pay off debts, it shall hand over the auctioned property to the buyer or assignee within 15 days after the ruling is served, unless it cannot be handed over according to law. If the person subjected to execution or a third party refuses to hand over the auction property, it shall be enforced.
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