41 C.F.R. § 102-41.180 May we retain the proceeds from the sale of unclaimed personal property?
Title 41 - Public Contracts and Property Management
No, you must deposit proceeds from the sale of unclaimed personal property in a special account to be maintained for a period of 3 years pending a possible claim by the former owner. After the 3-year period, you must deposit the funds in the U.S. Treasury as miscellaneous receipts or in such other agency accounts when specifically authorized by statute.
Title 41: Public Contracts and Property Management
PART 102–41—DISPOSITION OF SEIZED, FORFEITED, VOLUNTARILY ABANDONED, AND UNCLAIMED PERSONAL PROPERTY
Subpart D—Unclaimed Personal Property
§ 102-41.180 May we retain the proceeds from the sale of unclaimed personal property?
