§ 271.433. Disposition of forfeited property.
Upon issuance of a forfeiture order by the court, the Department will have the property sold at public auction according to law, with the proceeds of the sale paid to the Solid Waste Abatement Fund. If the property is subject to valid secured interests of a financial institution which is regularly in the business of making loans for this kind of property, the court will determine the value of the secured interests as of the time of seizure, and order that the value will be paid to the secured lienholder at time of sale.
Source The provisions of this § 271.433 adopted October 9, 1992, effective October 10, 1992, 22 Pa.B. 5105.
Cross References This section cited in 25 Pa. Code § 271.431 (relating to forfeiture and seizure of property); and 25 Pa. Code § 271.434 (relating to responsibility for costs).
No part of the information on this site may be reproduced for profit or sold for profit.
This material has been drawn directly from the official Pennsylvania Code full text database. Due to the limitations of HTML or differences in display capabilities of different browsers, this version may differ slightly from the official printed version.
