Personal Property Secured Transactions Act Article 19
Except under the circumstances in the paragraph 3 proviso of the preceding article, when a mortgagee sells the property in his possession, then within 30 days after taking possession and following a period of not less than 5 days of public notice, the mortgagee shall conduct an on-site public auction of the mortgaged property, and shall notify the debtor or third party 10 days before the auction.If the mortgaged property is severable, the auction of the property shall cease when the sale proceeds are sufficient for the satisfaction of the debt and related expenses. The creditor or his family members may participate in the auction and buy the mortgaged property.
中文原文 動產擔保交易法第19條
抵押權人出賣占有抵押物，除前條第三項但書情形外，應於占有後三十日內，經五日以上之揭示公告，就地公開拍賣之，並應於拍賣十日前，以書面通知債務人或第三人。
抵押物為可分割者，於拍賣得價足以清償債務及費用時，應即停止。
債權人本人或其家屬亦得參加拍賣，買受抵押物。
抵押物為可分割者，於拍賣得價足以清償債務及費用時，應即停止。
債權人本人或其家屬亦得參加拍賣，買受抵押物。