Alabama § 21-1-81 Authority of President to Sell by Lot or Individual Item, Subject to Consent of Board; When All Bids May Be Rejected and Sale Re-advertised or Items Sold by Negotiation

Alabama Statutes

§ 21-1-81 — Authority of President to Sell by Lot or Individual Item, Subject to Consent of Board; When All Bids May Be Rejected and Sale Re-advertised or Items Sold by Negotiation

Alabama § 21-1-81

Title 21Handicapped Persons

Ch. 1Deaf and Blind Persons Generally

Art. 4Sale, Etc., of Personal Property or Timber Owned by Institute by Auction or Bid

This text of Alabama § 21-1-81 (Authority of President to Sell by Lot or Individual Item, Subject to Consent of Board; When All Bids May Be Rejected and Sale Re-advertised or Items Sold by Negotiation) is published on Counsel Stack Legal Research, covering Alabama primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ala. Code § 21-1-81 (2026).

Text

The President of the Alabama Institute for Deaf and Blind, with consent of the majority of the board of trustees, or his authorized representative may sell all items by lot or by individual item, whichever method, in his opinion, will bring the highest return for the items so advertised; provided, however, that in the event all bids received are less than the estimated market value of the property, the president or his authorized representative may reject all bids and re-advertise or sell by negotiated sale, provided further, however, that in the event the property is sold by negotiated sale under the provisions of this section, the value received must be more than the highest bid or bids received.

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The President of the Alabama Institute for Deaf and Blind, with consent of the majority of the board of trustees, or his authorized representative may sell all items by lot or by individual item, whichever method, in his opinion, will bring the highest return for the items so advertised; provided, however, that in the event all bids received are less than the estimated market value of the property, the president or his authorized representative may reject all bids and re-advertise or sell by negotiated sale, provided further, however, that in the event the property is sold by negotiated sale under the provisions of this section, the value received must be more than the highest bid or bids received.