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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 .
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.
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.
This list excludes firms with a large presence in the UK that structure their operations as a Swiss Verein. This is because these firms structurally differ from the firms listed above, especially when it comes to sharing profits. Some of these firms include DLA Piper, Baker McKenzie, Dentons, Norton Rose Fulbright and Squire Patton Boggs among ...
Scots law does not make such a distinction, but still classifies any treasure as bona vacantia and therefore falls to the Crown. [62] The law of treasure trove is therefore a sub-species of bona vacantia property. [63] Cliffs of St. Ninian's Isle, photographed on 24 May 2006. The St. Ninian's Isle treasure, which is believed to date to about AD ...
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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".
The Treasure Valuation Committee (TVC) is an advisory non-departmental public body of the Department for Culture, Media and Sport (DCMS) based in London, which offers expert advice to the government on items of declared treasure in England, Wales, and Northern Ireland that museums there may wish to acquire from the Crown.