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Treasure trove is property that consists of coins or currency hidden by the owner. To be considered treasure trove and not mislaid property, the property must have been deliberately hidden or concealed, and sufficiently long ago that the original owner can be considered dead or not discoverable. For example, under historic English law, one ...
A treasure trove is an amount of money or coin, gold, silver, plate, or bullion found hidden underground or in places such as cellars or attics, where the treasure seems old enough for it to be presumed that the true owner is dead and the heirs undiscoverable.
Unowned property includes tangible, physical things that are capable of being reduced to being property owned by a person but are not owned by anyone. Bona vacantia (Latin for "ownerless goods") is a legal concept associated with the unowned property, which exists in various jurisdictions, with a consequently varying application, but with origins mostly in English law.
Corliss v. Wenner, 34 P.3d 1100 (Idaho 2001), was a case decided by the Court of Appeals of Idaho that rejected the common law distinctions between lost, mislaid, and abandoned property and treasure trove. [1]
I'm unhappy about the quality of this whole article, but the section under "mislaid property" looks wrong to me. It cites precisely one authority McAvoy v. Medina, 93 Mass. (11 Allen) 548, (1866) for the proposition that "If the true owner does not return within a reasonable time (which varies considerably depending on the circumstances), the ...
Adverse possession in common law, and the related civil law concept of usucaption (also acquisitive prescription or prescriptive acquisition), are legal mechanisms under which a person who does not have legal title to a piece of property, usually real property, may acquire legal ownership based on continuous possession or occupation without the permission of its legal owner.
Cesarini v. United States, 296 F. Supp. 3 (N.D. Ohio 1969), [1] is a historic case decided by the U.S. District Court for the Northern District of Ohio, where the court ruled that treasure trove property is included in gross income for the tax year when it was discovered.
The treasure would be composed of "carved silver, gold jewellery, pearls and stones of value, Chinese porcelain, rich fabrics, paintings and perhaps 500,000 pesos". [10] The stories about this treasure are varied, some place it in the environment of the Roques de Anaga , while others place it in the zone of Punta del Hidalgo and the cave of San ...