Disposition of Unclaimed Property

Policy Owner: Vice President of Operations

Policy Statement:

The Academic Dean, working with the Director of Facilities and departmental instructors, is responsible for the disposition of unclaimed property on MATC premises.  Unclaimed property is defined as any tangible or intangible property presumed abandoned by the owner after 30 calendar days or 20 days of non-attendance.  Such property includes, but is not limited to, vehicles, tools/tool boxes, locker contents, unclaimed checks and credit balance accounts.

Policy Rational:

Unclaimed or abandoned property left on MATC premises may occupy valuable floor space or create a potential legal liability for the college.  Also, students that stop attending classes without formally withdrawing sometimes do so without paying tuition, fees and/or parts bills.  The College must make all reasonable attempts to limit liability and collect any monies due and payable.

Attachment	Size
Unclaimed Property Report Form	117.08 KB