41 CFR § 302-11.420
How long can we authorize an extension for completion of the sale and purchase or lease termination transactions?
June 9, 2020
You may authorize an additional period of time, not to exceed 1 year, for completion of the sale and purchase or lease termination transactions.
[FTR Amdt. 98, 66 FR 58196, Nov. 20, 2001, as amended by FTR Amdt. 2011-01, 76 FR 18343, Apr. 1, 2011]