One who finds a thing lost is not bound to take charge of it; but if he does so, he is thenceforward a bailee for the owner, with the rights and obligations of a bailee for hire.
R.L.1910, § 1115.
If the finder of a thing knows or suspects who the owner is, he must, with reasonable diligence, give him notice of the finding; and if he fails to do so, he is liable in damages to the owner, and has no claim to any reward offered by him for the recovery of the thing, or to any compensation for his trouble or expenses.
R.L.1910, § 1116.
The finder of a thing may, in good faith, before giving it up, require reasonable proof of ownership from any person claiming it.
R.L.1910, § 1117.
The finder of a thing is entitled to compensation for all expenses necessarily incurred by him in its preservation, and for any other service necessarily performed by him about it, and to a reasonable reward for keeping it.
R.L.1910, § 1118.
The finder of a thing may exonerate himself from liability at any time, by placing it on storage with any responsible person of good character, at a reasonable expense.
R.L.1910, § 1119.
The finder of a thing may sell it, if it is a thing which is commonly the subject of sale, when the owner cannot with reasonable diligence be found; or, being found, refuses upon demand to pay the lawful charges of the finder, in the following cases:
1. When the thing is in danger of perishing, or losing the greater part of its value; or,
2. When the lawful charges of the finder amount to two-thirds of its value.
R.L.1910, § 1120.
A sale under the provisions of the last section [FN1] must be made in the same manner as the sale of a thing pledged.
[FN1] Title 15, § 516.
R.L.1910, § 1121.
The owner of a thing found may exonerate himself from the claims of the finder by surrendering it to him in satisfaction thereof.
R.L.1910, § 1122.