!!!Fund

Lost Property, Finding of, the discovery and taking of a lost (i.e. 
moveable) object which is someone's  Property, but is not in that 
person's possession. Depending on the value of the object found, the 
finder must make locally known the finding of objects valued at 
between ATS 50 and ATS 200, and report to the police the finding of 
objects of a value higher than this. After one year the finder is 
entitled to use the object, after three years the finder becomes its 
legal owner. The finder is also entitled to a reimbursement of 
expenses and a reward (the reward comes to 10 % for objects valued 
under ATS 10,000, 5 % for objects over ATS 10,000). Special provisions 
exist for treasure finds: the finder is entitled to half of the 
treasure, the owner of the estate in which the treasure was found to 
the other half. For treasure finds of historical or cultural 
significance, the finder is required to report the find to the 
authorities under the Law on the Protection of Historic Monuments.

!Literature
H. Koziol and R. Welser, Grundriss des buergerlichen 
Rechts, Vienna 1991.


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