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55-210.2:1. Property presumed abandoned; general rule.
All tangible and intangible property, including any income or increment thereon, less any lawful charges, that is held, issued or owing in the ordinary course of the holder's business and has remained unclaimed by the owner for more than five years after it became payable is presumed abandoned, except as otherwise provided by this chapter. Property is payable for the purpose of this chapter notwithstanding the owner's failure to make demand or to present any instrument or document required to receive payment.
(1984, c. 121; 1985, c. 294; 2000, cc. 733, 745.)
It never really legally becomes yours unless a Judge awards it to you. If you go through the necessary steps of trying to locate and returning the item to the rightful owner with no response, then it could be considered your.
If the item was stolen, it does not matter how long you possess it, you will never own it legally. If you are buying the item on installment payments, you own it once the payments are all made, no matter how long that may be. If the item was given to you as a loan, you will never own it unless the owner agrees that you can keep it as your property.
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How many years do you have to pay taxes on someone elses property before it is yours?
In many states you must prove that you have paid or taken care of the property continueously for 10 years before you can make a claim in court for Adverse Possession.
What larceny of firearms?
Larceny is stealing someone elses property, so your answer is stealing firearms
How long does someone elses property have to be in your possession until it's yours?
That depends on the law of your state.
What is covered by property damage liability insurance?
Propety Damage covers you if you damage someone elses property. Liability covers you in the event of a lawsuit.
What is the time limit someone can claim property left behind on someone elses property in California?
One year is the time limit someone can claim property left behind on someone else's property in the state of California. After the one year time period is up, the item is up for grabs.
When a person uses a computer or the internet to illegally copy someone elses intellectual property the crime is?
computer piracy
Someone elses personal property left in your yard can you sell it?
No. Just Give it back to them if they don't want it sell it.
How do you get someone elses stuff off your property legally In ontario canada for help of laws even if the owner doesn't want the stuff moved?
chuck it off your property
What does trespass mean?
Trespassing means if you go somewher etc: into a room, a house of someone elses withought permission
If person puts possessions in someone elses name before death but Will states some possessions were to be left to someone else but at time of death the person appears to have nothing what happens?
If a person gives away property while still living then it is not part of their estate at their time of death. The only property that can pass by a will is the property owned by the decedent at the time of death.
Is it illegal to paint trees in a forest England?
Your own trees, on your property, no. Someone elses trees, without getting permission - yes.
What is the word or term used for learning from someone elses experience?
Walking a mile in someone elses shoes.
