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Article 1. Lost Money and Goods - California Civil Code Section 2080.5

2080.5.  The police department or sheriff's department may sell such
property by public auction, in the manner and upon the notice of
sale of personal property under execution, if it is a thing which is
commonly the subject of sale, when the owner cannot, with reasonable
diligence, be found, or, being found, refuses upon demand to pay the
lawful charges provided by Sections 2080 and 2080.1, in the following
cases:
   (1) When the thing is in danger of perishing, or of losing the
greater part of its value; or,
   (2) When the lawful charges provided by Sections 2080 and 2080.1
amount to two-thirds of its value.

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Last modified: February 16, 2015