Terry v. A.D. Lock
Arkansas Supreme Court
275 S.W.3d 202 (2001)
Relevant factsFree
While renovating hotel owner Lock's (defendant) property, Terry and Stocks (plaintiffs) discovered $38,310 in old currency concealed inside a cardboard box hidden in the ceiling; Lock took possession of the box, and after Terry and Stocks sought an injunction claiming a right to the money as finders, the trial court classified it as mislaid property belonging to Lock as premises owner.
IssueFree
Whether the finder of mislaid property acquires rights to the property against the owner of the premises on which it was found.