Rule

Schedule

8575

Subject

Abandoned and Unclaimed Property (RULE 34-135)

Effective

August 9, 2022

Issued

August 9, 2022

Property located on the Authority’s terminal facilities shall be deemed abandoned and unclaimed if such property is left or stored on terminal for longer than thirty (30) days after the date of written notice from the Authority to the user who moved the property onto the terminal and / or the owner or owner’s agent. Such written notice shall be sent via first-class mail to the last known address of the user, owner, and / or owner’s agent, as indicated on the Authority’s records. After the thirty (30) day period has expired, the Authority, in its sole discretion, may sell, at public or private sale, or dispose of, any abandoned and unclaimed property and shall be entitled to use the proceeds of any sale of abandoned property at its discretion. “Property”, as used herein, shall refer to any tangible property including, without limitation, containers, chassis, drums, boxes, cargo and equipment.