Tangible personal property that is found on county land or in a county park, facility, or right-of-way is presumed abandoned if, for longer than 120 days:
(1) the personal property is held by the county;
(2) the existence and location of the owner of the personal property is unknown to the county; and
(3) according to the knowledge and records of the county, a claim to the personal property has not been asserted or an act of ownership of the personal property has not been exercised.