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Property law. 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. An archaeological find of treasure trove is known as a hoard.
Some states have rejected the American common law and hold that treasure trove belongs to the owner of the property in which the treasure trove was found. These courts reason that the American common law rule encourages trespass. Under the traditional English common law, treasure trove belongs to the Crown, though the finder may be paid a reward.
By law, the treasurer is the depositary officer of the United States with regard to deposits of gold, special drawing rights, [2] and financial gifts to the Library of Congress. [3] The treasurer also directly oversees the Bureau of Engraving and Printing (BEP) and the United States Mint, which respectively print and mint U.S. currency and coinage.
United States Department of the Treasury. The Department of the Treasury (USDT) [2] is the national treasury and finance department of the federal government of the United States, where it serves as an executive department. [3] The department oversees the Bureau of Engraving and Printing and the U.S. Mint.
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 case is frequently cited in American law school textbooks as an ...
Independent Treasury. The Independent Treasury was the system for managing the money supply of the United States federal government through the U.S. Treasury and its sub-treasuries, independently of the national banking and financial systems. It was created on August 6, 1846, by the 29th Congress, with the enactment of the Independent Treasury ...
In the United States, there are both federal and state laws prohibiting treason. [1] Treason is defined on the federal level in Article III, Section 3 of the United States Constitution as "only in levying War against [the United States], or in adhering to their Enemies, giving them Aid and Comfort."
Signed into law by President Ronald Reagan on April 28, 1988. The Abandoned Shipwrecks Act is a piece of United States legislation passed into law in 1988 meant to protect historic shipwrecks in US waters from treasure hunters and unauthorised salvagers by transferring the title to the wreck to the US state whose waters it lies in.