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OI 274.11 Summary forfeiture.
It the appraised value of the seized conveyance does not exceed $10,000 and a claim and cost bond are not timely and properly filed [see OI 274.10], the Regional Commissioner shall declare the conveyance forfeiture and shall prepare a Declaration of Forfeiture. Thereafter, the conveyance shall be placed into official use, sold or otherwise disposed of in accordance with appropriate instructions.