Many states require a finder of lost property to make a reasonably diligent search to locate the true owner.

Question

Many states require a finder of lost property to make a reasonably diligent search to locate the true owner.​

Quizplus · Accepted Answer

Many states have laws requiring a finder of lost property to take reasonable steps to try and locate the true owner before retaining or disposing of the property. This can include searching for identifying information or contacting local authorities such as the police. Failure to make a diligent search could result in legal consequences for the finder.

Many States Require a Finder of Lost Property to Make