§ 52.5317 — Sale of Forfeited Vehicle By Legal Owner

§52.5317 Sale of Forfeited Vehicle By Legal Owner

(a) Any legal owner who is a motor vehicle dealer, bank, credit union, acceptance corporation, or other licensed financial institution legally operating in this state, or the agent of that legal owner, may take possession and conduct the sale of the forfeited vehicle if the legal owner or agent notifies the Chief of Police of its intent to conduct the sale within 15 days of either the mailing of the notice pursuant to Section 52.5306 or personal service of the notice pursuant to Section 52.5307. Sale of the vehicle after forfeiture pursuant to this division may be conducted at the time, in the manner, and on the notice usually given for the sale of repossessed or surrendered vehicles. The proceeds of any sale conducted by or on behalf of the legal owner shall be disposed of as provided in Section 52.5320. A legal owner’s notice to conduct the sale pursuant to Section 52.5317(a) may be presented in person, by certified mail, by facsimile transmission, or by electronic mail. (b) The agent of a legal owner acting pursuant to Section 52.5317 shall be licensed, or exempt from licensure, pursuant to Chapter 11 (commencing with Section 7500) of Division 3 of the Business and Professions Code.

(“Sale of Forfeited Vehicle By Legal Owner” added 4–21–2003 by Ordinance O–19167 N.S.)