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Its basis is in abandoned property that was likely illegally obtained, where they can't find an owner. Such as a ship in a harbor full of illegally imported goo
by bcrosby95 4y ago
Its basis is in abandoned property that was likely illegally obtained, where they can't find an owner. Such as a ship in a harbor full of illegally imported goods.
It's been stretched to include having $2k in cash in your car while driving.
- denton-scratch 4y agoAccording to the article, it looks as if it originates in admiralty "prize" law, which seems to be about buccaneers like Francis Drake; and later extended to the colonies, to allow seizure of ships and their contents trading with a colony without authorisation (e.g. not a British ship, or duty not paid).