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Legal Resources | Title 5 |  T5  42375  

Chapter 1. California State University. Subchapter 5. Administration. Disposition of Lost Property. Care, Restitution, Sale or Destruction of Lost Property.   

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The Chancellor or his designee may provide for the care, restitution, sale or destruction of unclaimed, lost or abandoned property in the possession of any campus in accordance with California Civil Code Section 2080.8. Unclaimed, lost, or abandoned property valued at or above three hundred dollars ($300) shall be held by the campus for a period of at least three months. After such time the property shall be sold at public auction to the highest bidder. Notice of such sale must be published once at least five days prior to the sale in a newspaper of general circulation in the county in which the property is held. The campus may dispose of any of that property upon which no bid is made at any sale.

Authority cited:

Education Code 66600

Education Code 89030

Education Code 89035

Civil Code 2080.8

Reference:

Civil Code 2080.8

(Amended by Register 2011, No. 8.)