State Act

Portuguese Civil Code, 1867

Article 272 – Second auction or forgoing of alienation - If the assets are straight away put on auction for the price corresponding to the valuation, and there is no bidder, there will not be a second auction for the same price, and the family council shall decide whether it will not proceed with the sale or whether the assets shall again be put to auction at a lower price, which in this case may be determined by the said council.