ARTICLE 196: SURPLUS RETURN OF PRODUCT OBTAINED FROM THE AUCTION

 In the event that there are surpluses in the award referred to in article 191 of this Code (CFF: Art. 191), after the tax credit and its accessories have been covered under the terms of article 194 of this Code (CFF: Art. 194), they will be delivered to the debtor or to the third party that it designates in writing, until the disposal of the property in question is carried out, unless there is an order of the competent authority. In the event that the transfer is not verified within the 24 months following that in which the corresponding awarding act was signed, the surpluses of the assets, discounting the expenditures or expenses that had to be made for liabilities or charges acquired prior to the award, will be delivered to the debtor or the third party designated by him in writing until the last month of the aforementioned period. The delivery referred to in this article will be made in the terms established by the Service Tax Administration (Servicio de Administración Tributaria) through general rules.

When the auction is carried out, the amount obtained as a product of the auction will be applied in accordance with the provisions of article 194 of this Code (CFF: Art. 194), as well as recovering administration and maintenance expenses. The remainder of the aforementioned product will be the surplus that will be delivered to the taxpayer or seized, unless there is an order of competent authority, or that the debtor or seizure itself accepts in writing that the total or partial delivery of the balance be made to a third party.