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The proceeds of the sale of an abandoned motor vehicle shall be paid to the town, and the town shall pay from such proceeds the costs of removal, storage, investigation, sale, and liens, in that order. The remainder of the proceeds of sale, if any, shall be paid over to the registered owner, or held by the town for 60 days if the registered owner cannot be located with reasonable diligence. If the owner does not claim the remainder of the proceeds within 60 days after the sale, the said proceeds will escheat to the state.
(A) With the consent of the owner, the town may dispose of any vehicle as a junked motor vehicle without holding it for any prescribed period of time.
(B) Any unclaimed junked motor vehicle, as defined by this chapter, shall be held for a period of at least 15 days. The owner of any such vehicle may claim his or her vehicle during the 15-day retention period by exhibiting proof of ownership to the town and after paying all reasonable costs incident to the removal and storage of the vehicle plus administrative expenses. If, after the vehicle is held 15 days, it remains unclaimed, the vehicle may be destroyed or sold at private sales as junk. Within 15 days after final disposition of a junked motor vehicle, written notice thereof shall be given to the State Department of Motor Vehicles that the vehicle has been determined to be a junked motor vehicle and disposed of as such. The notice shall contain as full and accurate a description of the vehicle as can be reasonably determined.
(Prior Code, § 90.08)
The proceeds of the sale of a junked motor vehicle, after all costs of removal, storage, investigation, and sale, and satisfaction of any liens of record on the vehicle have been deducted therefrom, shall be held by the town for 30 days and paid to the registered owner upon demand. If the owner does not appear to claim the remainder of the proceeds within 30 days after disposal of the vehicle, the said funds will escheat to the state.
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