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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.
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.
The Treasure Act 1996 is a UK Act of Parliament, defining which objects are classified as treasure, legally obliging the finder to report their find. It applies in England, Wales and Northern Ireland .
Ohio does not have a statute dealing with the rights of owners and finders of treasure trove, thus the English common-law rule applies. [7] English common-law rule states that “title belongs to the finder as against all the world except the true owner.” [ 7 ] Thus, Plaintiffs must have actually found the money to have superior title over ...
Treasure that has been found at sea is not dealt with by the law of treasure trove, but by the law of salvage which is a branch of admiralty law.Articles relating to this topic should therefore be placed in "Category:Treasure from shipwrecks".
Indian Treasure Trove Act, 1878 (ACT NO. VI OF 1878.1) (12 February 1878) was an Act to amend the law relating to treasures found in India . [ 1 ] [ 2 ] It defined treasure specifically as "anything of any value hidden in the soil" and worth as little as 10 rupees (usually around $0.15 or £0.10).
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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.