Ala. Admin. Code r. 892-2-1-.05

Current through Register Vol. 42, No. 10, July 31, 2024

Section 892-2-1-.05 - Public Auction

(1) United States coin and currency items to be auctioned include, but not limited to:

(a) Currency in the form of coin or paper received in booklets, proof sets, collectable holders, mint set, or other presentation packaging;

(b) Coin currency with a date of 1971 or earlier;

(c) Paper currency with a date of 1963 or earlier.

(2) Military items will not be auctioned. Military items include, but are not limited to, US military honors, awards, medals, discharge papers, or other symbols of U.S. military service.

(3) The Treasurer's Office may engage a professional auction company to conduct periodic online or onsite auction of Abandoned Property. A purchaser of Abandoned Property through an auction sale takes the property free of all claims of the Apparent Owner and subject to the buyer's agreement with the auction company. The purchaser's name is not public information and will not be released.

Ala. Admin. Code r. 892-2-1-.05

Adopted by Alabama Administrative Monthly Volume XXXIII, Issue No. 04, January 30, 2015, eff. 2/3/2015.

Author: Ralph Ainsworth, Unclaimed Property Division, Office of State Treasurer

Statutory Authority:Code of Ala. 1975, § 35-12-20, et seq.