§ 20-64. Inventory of unclaimed property.

Latest version.

If the property is not disposed of in a sale open to the public, the village shall maintain an inventory of the property, a record of the date and method of disposal, including the consideration received for the property, if any, and the name and address of the person taking possession of the property. The inventory shall be kept as a public record for a period of not less than two years from the date of disposal of the property. Any means of disposal other than public auction shall be specified by ordinance. If the disposal is in the form of a sale, all receipts from the sale, after deducting the necessary expenses of keeping the property and conducting the sale, shall be paid into the treasury of the village.

State law reference

Similar provision, Wis. Stats. § 66.0139(2).

                    
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