Public sale

(1) A licensee may sell at public sale all nonmonetary items presumed to be abandoned after the expiration of forty- five days from the last date of publication or mailing required by section 121 following such advertisement of the sale as the Central Bank may specify. (2) Any purchaser shall receive title to the nonmonetary items free from all claims of the owner or prior holder and from all persons claiming through or under him. (3) A licensee shall deposit with the Central Bank the proceeds of the sale of the non-monetary items in accordance with sub-section (1) less all reasonable costs incurred by it in connection with the sale, mailing of notices and service, as it may deem appropriate to assure the prompt payment of claims which may subsequently be made and approved by the Central Bank. 195 (4) Any non-monetary items remaining unsold shall be delivered to the Central Bank and shall be disposed of by the