(A) If any motor vehicle which has a value of lese than $200 is ordered into a place of storage by a law enforcement officer and remains unclaimed by the owner, or other person entitled to possession thereof, for 60 days, the custodian of such place of storage may obtain a certificate of title to any such motor vehicle in the name of such custodian in the manner provided in this section.
(B) The custodian of such place of storage shall execute an affidavit that all of the requirements of this division necessary to authorize the issuance of a certificate of title for such motor vehicle have been met. Such affidavit shall set forth the value of such motor vehicle when impounded, which value shall be determined in accordance with standards fixed by the registrar of motor vehicles; the official capacity of the law enforcement officer who ordered such motor vehicle into the place of storage; the length of time which such motor vehicle has remained unclaimed; that the titled owner, if known has been notified by certified mail, return receipt requested; and that a search of the records of the bureau of motor vehicles has been made for outstanding liens on such motor vehicle
(C) No such affidavit shall be executed or filed until after a search of the records of the bureau of motor vehicles has been made, that the titled owner, if known, has been notified by certified mail, return receipt requested, and if the search reveals any outstanding lien on such motor vehicle; the custodian of such motor vehicle shall notify the mortgagee or lien-holder stating where the motor vehicle is impounded, the value of the vehicle, and naming the law enforcement agency which ordered the impounding of the motor vehicle. Unless each mortgagee or lien-holder shall claim such motor vehicle within 30 days after notice, his mortgage or lien shall be invalid.
(D) Upon presentation by the custodian of the place of storage of such an affidavit, showing compliance with all requirements of this section to the clerk of courts of the county in which such place of storage is located, the clerk of courts shall issue a certificate of title, free and clear of all liens and encumbrances to the custodian of such place of storage.
(E) No person shall execute or present the affidavit required by this section, knowing such affidavit to be false. ('68 Code, § 26.54)