|Civil Code Article 807June 19, 2019|
If the person who is entitled to receive the lost property does not identify and claims it within six months from the date of the notification or the last day of advertisement, the person who picks up the lost property acquires its ownership. The police or the local autonomous institution shall inform the person who picks up the lost property to claim such property or the net proceeds of its sale. If he can not be informed, an advertisement shall be done instead. "If the person who picks up the lost property does not claim such property within three months from the date of informing or advertisement in accordance with the preceding paragraph, the lost property or the net proceeds of its sale belongs to the local autonomous institution.
|Civil Code Article 807-1June 19, 2019|
When the value of the lost property is below five hundred NT dollars, the person who picks it up shall inform the loser, the owner, or other person who is entitled to receive as soon as possible. If there is a case of the exception of the first paragraph of Article 803, it can be handled in accordance with the exception of first paragraph and the second paragraph of such article. "If the lost property of the preceding paragraph has not been identified and claimed its ownership within the following period of time, the person who picks it up acquires its ownership or the net proceeds of its sale: "(1) Fifteen days after the date of informing or advertising the owner of his claim to the property. "(2) A month after the day of picking up, if it cannot be handled in accordance with the preceding paragraph. "Article 805 to the preceding article shall apply mutatis mutandis to the case of the preceding two paragraphs.
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Provided by Kingdoms Law