Section 434.172 - Action by county board of commissioners; notice of sale; appraisal of money; claim by owner; cancellation of sale. - Michigan Statutes

DISPOSITION OF UNCLAIMED STOLEN PROPERTY (EXCERPT)
Act 54 of 1959

434.172 Action by county board of commissioners; notice of sale; appraisal of money; claim by owner; cancellation of sale.

Sec. 2.

The county board of commissioners shall act upon the request of the sheriff within 6 months after the receipt of the request. If the board approves the request, the sheriff shall publish notice in a newspaper of general circulation in the county at least 5 days before the sale. The notice shall describe the property, including money, and shall state the time and place of public sale at which the property may be purchased by the highest bidder. The sheriff may obtain an appraisal to determine whether money, because of age, origin, metal content, or value as a collector's item, has a value other than its face value. Money which does not have a value other than its face value shall not be subject to the public sale provisions contained in this section. Until the date of the sale the property, including money, may be claimed at the sheriff's office. If ownership is proved, the sheriff shall turn the property, including money, over to the owner and cancel the sale insofar as the claimed property is concerned.

History: 1959, Act 54, Eff. Mar. 19, 1960 ;-- Am. 1984, Act 257, Imd. Eff. Nov. 30, 1984