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Unclaimed property laws in the United States provide for two reporting periods each year whereby unclaimed bank accounts, stocks, insurance proceeds, utility deposits, un-cashed checks and other forms of "personal property" are reported first to the individual state's Unclaimed Property Office, then published in a local newspaper and then ...
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.
MissingMoney.com is a web portal created by participating U.S. states to allow individuals to search for unclaimed funds. [1] It was established in November 1999, [2] as a joint effort between the National Association of Unclaimed Property Administrators (NAUPA) and financial services provider CheckFree. [3] By December of that year, 10 states ...
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.
Stone v. Graham, 449 U.S. 39 (1980), was a court case in which the Supreme Court of the United States ruled that a Kentucky statute was unconstitutional and in violation of the Establishment Clause of the First Amendment, because it lacked a nonreligious, legislative purpose.
I've looked into this a bit and the answer is muddled. New York imposes a fine of up to a hundred dollars for failing to report found property, see John V. Orth, Reappraisals in the Law of Property (2000), p. 9, and the IRS requires it to be reported as income for tax purposes. However, keeping something that was not acquired unlawfully would ...
A 10-year-old boy was rescued by Texas State Troopers after he crossed the US border on Thanksgiving Day only to be abandoned by smugglers in a desolate stretch of territory.
Accountants distinguish personal property from real property because personal property can be depreciated faster than improvements (while land is not depreciable at all). It is an owner's right to get tax benefits for chattel, and there are businesses that specialize in appraising personal property, or chattel.
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