NEW YORK LOST OR MISLAID PR... McKinney's Personal Property Law 251 Mckinney's Consolidated Laws of New York Annotated Currentness Personal Property Law ,,Refs & Annos, "VEl Chapter 41. Of the Consolidated Laws (Refs & Annos) 7-6. Lost and Found Property (Refs & Annos) 251. Definitions 1. The term "property" as used in this article means money, instruments payable, drawn or issued to bearer or to cash, goods, chattels and tangible personal property other than (a) "instruments" as defined in subdivision two of this section, (b) animals, (c) wrecks governed by the provisions of the navigation law, (d) logs and other property governed by section three hundred twenty_-_three of the town law and (e) vehicles governed by the vehicle and traffic law. 2. The term "instrument" as used in this article means a check, draft, promissory note, bond, bill of lading, warehouse receipt, stock certificate or other paper or document, other than those payable, drawn or issued to bearer or to cash and other than money, evidencing, representing or embodying a chose in action or a right with respect to property or a share, participation or other interest in property or in an enterprise. 3. The term "lost property" as used in this article includes lost OE mislaid_propetty. Abandoned property, waifs and treasure trove, and other property which is found, shall be presumed to be lost property and such presumption shall be conclusive unless it is established in an action or proceeding commenced within six months after the date of the finding that the property is not lost property. 4. The term "owner" as used in this article means any person entitled to possession of the lost property as against the finder and against any other person who has made a claim. 5. The term "finder" as used in this article means the person who first takes possession of lost property . 6. "Transportation facility" as used in this article means a railroad car or coach, Pullman car, street surface railroad car, subway car, motor bus, motor coach, taxicab, aircraft or steamship, and any other vehicle or conveyance used for carriage of persons whether or not such use is in the course of a business of transporting persons. "Transportation company" as used in this article means the person carrying on a business of operating a transportation facility. A taxi driver is a "transportation company" with respect to a taxicab which he owns and operates as owner. McKinney's Personal Property Law 252 Review the New York Personal Property Law Sections 251, 252, & 253 regarding Lost or Mislaid Property that I have attached. There is a requirement in Section 252 that if the item left or found is over $20 in value to undertake specific action concerning that property within a specified time period. How do you feel about these laws. Do they place an unnecessary burden on a proprietor of a business, or is it just good business? Many of you work, what has been your experience with compliance with this law