(a) The finder of a thing may sell it, 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 of the finder in the following cases:
(1) When the thing is in danger of perishing, or losing the greater part of its value; or,
(2) When the lawful charges of the finder amount to two thirds of its value.
(b) A sale under the provisions of subsection (a) of this section must be made in the same manner as the sale of a thing pledged.
Structure Code of Alabama
Chapter 12 - Lost or Unclaimed Property.
Article 1 - General Provisions.
Section 35-12-1 - When Finder Becomes Depositary.
Section 35-12-2 - Proof of Ownership of Claimant.
Section 35-12-3 - Compensation and Reward for Finder.
Section 35-12-4 - Placing Thing Found in Storage.
Section 35-12-6 - Disposition of Unclaimed Articles Left for Service.