§109-8  Lost and found money or property atthe stadium.  All money or property found at the stadium shall be reportedor delivered by the finder to the stadium lost and found, and when so deliveredshall be held by the stadium for forty-five days or until claimed by someperson who establishes title or right of custody thereto to the satisfaction ofthe stadium manager, whichever is shorter.  In the event of establishment oftitle or right of custody, the money or property shall be delivered to the claimantby the manager or the manager's agent.  If after forty-five days no claimantestablishes a right to the money or property, the money or property may beclaimed by the person who delivered it to the stadium lost and found; providedthat if the person who delivered it to the stadium lost and found fails toclaim the money or property within thirty days after being notified by themanager, the manager shall deposit the money into the state treasury to thecredit of the stadium special fund or shall dispose of the property by publicauction.  The manager shall give public notice, giving details as to time andplace of the auction and giving notice to all persons interested in claimingthe property that unless claims are made by persons who can provide satisfactoryproof of ownership before a specified date, the property will be sold at publicauction to the highest bidder; provided that if the manager considers thehighest bid to be insufficient, the manager shall have the right to decline thesale to the highest bidder and may reoffer the property at a subsequent publicauction.  On the day and at the place specified in the notice, all property forwhich no satisfactory proof of ownership is made shall be sold by auction by orunder the direction of the manager.

If any property which is of a perishable natureor which is unreasonably expensive to keep or safeguard remains unclaimed atthe stadium, the manager may sell that property at public auction, at a timeand after notice that is reasonable under the circumstances.  If the managerdetermines that any property delivered to the manager pursuant to this sectionhas no apparent commercial value, the manager at any time thereafter maydestroy or otherwise dispose of the property.

The manager shall deposit into the stadiumspecial fund all moneys received from the sale, destruction, or disposition ofany property.  No action or proceeding shall be brought or maintained againstthe State or any officer thereof on account of such sale, destruction, ordisposition.  The purchaser of property at any sale conducted by the managerpursuant to this section shall receive good title to the property purchased andshall take possession of the property free from any and all claims of theowner, prior owners, and any person claiming title.

For purposes of this section, notice by regularmail to the last known address of the person who delivered the money orproperty to the stadium lost and found shall be deemed sufficient. [L 1983, c162, §1; am L 1998, c 2, §30]