Wait, what??
Are you claiming that the quoted statute is not real? May I remind you that your comment was:
>> >> "Your wrong. California law says you can not sell lost property ."
>>
>> A) Cite me chapter & verse of said law. Seems to me that schools (and police departments!) routinely sell off lost property here in The Golden State ...
And so I did. Your comment was a response to a comment by Kain Preacher who claimed that it was a mere "moral" obligation and not legal.
Here's another "chapter & verse" for you:
California Civil Code § 2080.5. Authority to sell:
"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[...]"
So it is only legal for the police department or the sheriff to sell, not the finder.
-dZ.