Title 2 Department of Audit and Control - Chapter IV Miscellaneous Rules - Part 101 Sale of Lost Property Deposited with State Police - s 101.1 Property to be sold.

Published: 2021-01-15

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All personal property delivered into the custody of the Division of State Police pursuant to article 7-B of the Personal Property Law and remaining therein unclaimed for the following waiting periods:

(a) Articles valued at $500 or less—six months.

(b) Articles valued at more than $500 but less than $5,000—one year.

(c) Articles valued at more than $5,000—three years.

The term personal property shall not be deemed to include currency, negotiable instruments, documents constituting written evidence or ownership of debt, perishable property or worthless property.