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- The document discusses the legal rights and categories regarding found or lost personal property. It outlines four categories of found property: abandoned, lost, mislaid, and treasure trove.
- The rights of the finder depend on the category of property and where it was found. Generally, the original owner retains rights to lost or mislaid property. For abandoned property, the finder acquires full title.
- On private land, rights usually go to the landowner over the finder, except for long-term tenants. In public places, rights usually go to the owner/occupant of the premises. Many states now have statutes governing found property.
- The document discusses the legal rights and categories regarding found or lost personal property. It outlines four categories of found property: abandoned, lost, mislaid, and treasure trov…