(1) No person shall
transfer a property to another person in which any one else has right
and ownership.
(2) If any person transfers a property in contravention of
sub-section (1), such a deed or transaction shall be void.
(3) If the real owner makes a claim in the property
transferred pursuant to sub-section (1), the transferee of such
property shall return it to the concerned owner.
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(4) If a person finds any lost or stolen property, the owner
of such property may claim it, along with evidence showing his or
her ownership, within three years after the date on which the
property was lost or stolen.
(5) If any person claims such property pursuant to subsection
(4), the finder of that property shall return it to the owner,
by collecting the amount of expenses, if any, incurred in its
preservation or maintenance.
(6) Notwithstanding anything contained in sub-section (4),
if a person has acquired any stolen or lost property by way of
purchase at a public market or auction or bidding made publicly by
any person or body, the person shall not be bound to return such
property to the real owner unless and until he or she obtains the real
value of such property and the fees or amount, if any, paid by him
or her in the acquisition of such property.