[Code of Federal Regulations]

[Title 41, Volume 2]

[Revised as of July 1, 2005]

From the U.S. Government Printing Office via GPO Access

[CITE: 41CFR101-48.102-1]



[Page 202]

 

           TITLE 41--PUBLIC CONTRACTS AND PROPERTY MANAGEMENT

 

          CHAPTER 101--FEDERAL PROPERTY MANAGEMENT REGULATIONS

 

PART 101-48_UTILIZATION, DONATION, OR DISPOSAL OF ABANDONED AND 

FORFEITED PERSONAL PROPERTY--Table of Contents

 

    Subpart 101-48.1_Utilization of Abandoned and Forfeited Personal 

                                Property

 

Sec. 101-48.102-1  Vesting of title in the United States.



    Abandoned or other unclaimed property, subject to the provisions of 

section 203(m) of the Federal Property and Administrative Services Act 

of 1949, as amended (40 U.S.C. 484(m)), shall remain in the custody of 

and be the responsibility of the agency finding such property. The 

property shall be held for a period of 30 days from the date of finding 

such property. Upon expiration of this 30-day period, title to such 

property vests in the United States, except that title reverts to the 

owner where a proper claim is filed by the owner prior to official use 

or transfer for official use and, if there is no official use or 

transfer for official use, prior to sale of the property.