Section 45-48-231.24
Form of payment; record of sale; rejection of bid.
Whenever any property is sold at public auction, the sale shall be paid only in cash. A notation in the storage record book shall be made of the sale and of the amount received for the property. The person making the sale shall have the right to reject any and all bids if the bid amount is deemed unreasonably low. The sale may continue, from time to time, if no bidders are present.
(Act 93-487, p. 781, § 5.)