If the true owner does not come forward and the finder does not wish to claim ownership, title to the property transfers to the state <u>immediately</u>.
The legal right of a person, family, business, or government to possess anything is referred to as ownership. The objects that are the subject of ownership might be either tangible or immaterial. Property, real estate, automobiles, books, and other tangibles are examples of material ownership.
Ownership must include the right to possess the property by the owner. Possession of the item that he possesses is his legal right in the strictest sense. He might not actually have the possession because he might have given it up voluntarily or been wrongly deprived of it.
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