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 of losing the greater part of its value; or (2) When the lawful charges of the finder amount to two - thirds of its value.
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