Common use of DISPOSITION OF ABANDONED PERSONAL PROPERTY Clause in Contracts

DISPOSITION OF ABANDONED PERSONAL PROPERTY. If the LICENSEE abandons or terminates its operation or is dispossessed thereof by process of law or otherwise, title to any personal property belonging to the LICENSEE and left on the Airport fifteen (15) days after such event shall be deemed to have been transferred to the COUNTY. The COUNTY shall have the right to remove and to dispose of such property without liability therefor to the LICENSEE or to any person claiming under the LICENSEE, and shall have no need to account therefor. Personal property left on the Airport after termination, expiration, or abandonment of the LICENSE shall not be construed as giving the LICENSEE possession of the Operating Area during the fifteen (15) days after termination, expiration or abandonment of the LICENSE.