Who is the owner of a treasure trove?

Garett Rutherford asked a question: Who is the owner of a treasure trove?
Asked By: Garett Rutherford
Date created: Fri, Mar 19, 2021 8:10 AM

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Top best answers to the question «Who is the owner of a treasure trove»

  • Should the owner be found it must be restored to him; and in case of not finding him, the property, according to the English law, belongs to the king.

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5. 2 Bed Condo in A Treasure Trove. 70 Punggol Walk · D19. Condo. 2015 · 99 years. 2 Beds. 2 Baths. 775 sqft / 72 sqm. $2,600/mo.

🔎 Who was the ultimate owner of the treasure trove?

  • According to Dutch jurist Hugo Grotius (1583–1645), as the feudal system spread over Europe and the prince was looked on as the ultimate owner of all lands, his right to the treasure trove became jus commune et quasi gentium (a common and quasi-international right) in England, Germany, France, Spain and Denmark.

9 other answers

The phrase “treasure trove,” however, designates money or valuables deliberately hidden for safekeeping and originally owned by people who cannot be traced or tracked; a pirate’s buried treasure would fall into such a category.

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.The legal definition of what constitutes treasure trove and its treatment ...

Treasure trove is a law that was originally put in place that decried that any gold or silver that is found in the ground hidden that cannot be traced to an owner belongs to the Crown once it is discovered.

In most of feudal Europe, where the prince was looked on as the ultimate owner of all lands, his claim to the treasure trove became, according to the founder of international law, Hugo Grotius, a common and universal right. In England and similarly in Scotland, the right to treasure trove is in the crown, which may grant it as a franchise.

A treasure-trove is gold, silver, gems, money, jewelry, etc found hidden under ground or in cellar or attics, etc., where the owner of the treasure is not known. What qualifies as a treasure trove and legal rights to it varies considerably from country to country.

The Treasure Act allows for a reward up to the market value of the treasure to be shared among the finder and the tenants and/or owner of the land on which the treasure was found. The amount of the reward and how it is divided among the claimants is determined by the Treasure Valuation Committee.

The family that owns Samsung is donating a treasure trove of art, including Picassos and Dalís, in an attempt to cut their massive inheritance tax bill Read full article Oops!

In Scotland, the Common Law of Treasure Trove is still the law of the land. Any buried hoard or item of archaeological interest, regardless of whether it is made of precious metal, is treasure trove and belongs to the Crown. The law applies to objects found by chance rather than during an archaeological dig. If You Find Treasure

“The law of 'treasure trove' holds that property that is considered precious and is hidden with no proof of its former ownership belongs to the finder,” LegalAdvice.com CEO and Attorney David...

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