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What is NYC AC § 22-110?

Quick Answer

This section outlines the process for the sale of unclaimed trucks, merchandise, and vessels after a thirty-day period of being unclaimed. The commissioner is responsible for selling such items at public auction and managing the proceeds. Applies to owners of unclaimed property subject to sale by the commissioner.

General informational summary. Not legal advice for your situation. Consult an attorney before acting on any specific matter.

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§ 22-110 Sale of unclaimed trucks, merchandise and vessels.

AC § 22-110

Whenever such merchandise, material, automobile, wagon, truck, cart, vessel or craft shall remain unclaimed for thirty days after service of such order on such owner, consignee or person, the commissioner may then sell the same at pubic auction to the highest bidder, after advertisement for one week in the City Record. The commissioner shall deduct the expenses which have been incurred from the proceeds of such sale and shall hold the remainder of such proceeds in trust for such owner, consignee or person for twelve months. If such remainder is then unclaimed, it shall be paid into the general fund. Any excess of expenses which have been incurred in the removal, storage, advertisement and sale of such merchandise, material, automobile, wagon, truck, cart, vessel or craft over such proceeds of sale shall be recoverable from such owner or owners of the same in an action maintained by the commissioner.

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