§ 2-419 Abandonment of Seized Pedicab.
RCNY § 2-419
(a)Any pedicab that is not claimed by its owner within fifteen business days after the mailing of the decision of the adjudication by the Commissioner of the violation underlying the seizure shall be deemed by the Department to be abandoned.
(b)If the Commissioner determines that the abandoned pedicab is suitable for operation, such pedicab shall be sold at public auction to the highest bidder.
(c)If the Commissioner determines that the abandoned pedicab is not suitable for operation, or if the abandoned pedicab is not sold at public auction within fifteen business days after it is offered for sale, the Commissioner shall sell the abandoned pedicab to a scrap metal processor.
(d)Any proceeds from the sale of an abandoned pedicab less any expenses incurred by the Department shall be held by the Department without interest, for the benefit of the owner of the abandoned pedicab, for a period of one year. If such proceeds have not been claimed within such one year period, such proceeds shall be paid into the general fund of the City.
