SECTION 157

Within the period of ten days following the auction sale, any person may make a bid higher by one-tenth on the price by a declaration lodged at the registry of the court in whose jurisdiction the notary responsible for the sale resides. The court registrar shall immediately forward the declaration to the Judge Administrator. The higher bidder shall give notice of the said declaration by any extrajudicial act to the last bidder in person or at his address within a period of ten days; the notary shall be informed of the declaration. The Judge Administrator shall, by a decision approving the higher bid, transfer the new bid before the same notary who shall carry out the sale according to the terms of reference previously drawn up. Where a second bid is made after a higher bid, no other higher bid may be accepted on the same property.