California Code of Regulations
Title 5 - Education
Division 5 - Board of Trustees of the California State Universities
Chapter 1 - California State University
Subchapter 5 - Administration
Article 10 - Disposition of Lost Property
Section 42375 - Care, Restitution, Sale or Destruction of Lost Property

The Chancellor or his designee may provide for the care, restitution, sale or destruction of unclaimed, lost or abandoned property in the possession of any campus in accordance with California Civil Code Section 2080.8. Unclaimed, lost, or abandoned property valued at or above three hundred dollars ($300) shall be held by the campus for a period of at least three months. After such time the property shall be sold at public auction to the highest bidder. Notice of such sale must be published once at least five days prior to the sale in a newspaper of general circulation in the county in which the property is held. The campus may dispose of any of that property upon which no bid is made at any sale.

1. New Article 10 (Sections 42375 and 42376) filed 10-11-68; effective thirtieth day thereafter (Register 68, No. 38).
2. Amendment filed 8-22-72; effective thirtieth day thereafter (Register 72, No. 35).
3. Amendment of NOTE filed 4-29-77; effective thirtieth day thereafter (Register 77, No. 18).
4. Amendment of NOTE filed 9-20-82; effective thirtieth day thereafter (Register 82, No. 39).
5. Amendment of section and NOTE filed 2-22-2011; operative 2-22-2011 pursuant to Education Code section 89030.1. Submitted to OAL for printing only pursuant to Government Code section 11343.8 (Register 2011, No. 8).

Note: Authority cited: Sections 66600, 89030 and 89035, Education Code; and Section 2080.8, Civil Code. Reference: Section 2080.8, Civil Code.