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Disposal of lost property

Rapid Transit Systems Regulations

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—(1) Any lost property which comes into the possession of the Authority or its licensee shall be dealt with as follows:(a)perishable, noxious or otherwise offensive goods or articles may be disposed of by the Authority or its licensee as soon as practicable after they have come into its possession by sale or otherwise as it sees fit; and(b)all other goods or articles shall be retained by the Authority or its licensee for a period of 3 months after they have come into its possession and, if at the end of that period they remain unclaimed, the Authority or its licensee may dispose of them by sale or otherwise as it sees fit.(2) If within a period of 6 months of any sale or disposal by the Authority or its licensee under paragraph (1)(a) or (b) the former owner or the person formerly entitled to the beneficial ownership of the goods can establish his ownership to the satisfaction of the Authority or its licensee, he shall be paid, subject to his providing the Authority or its licensee with an indemnity in such form as the Authority or its licensee may reasonably require, the proceeds of sale (if any) less all expenses incurred by the Authority or its licensee of and incidental to such sale or disposal.(3) The Authority and its licensee shall have no liability in respect of any lost property as bailees or otherwise and no claim for damages or compensation shall be brought against the Authority or its licensee in respect of that property.

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