§ 257. Title to lost property. 1. The title to lost property which has
been deposited with the police shall vest in the finder, or other person
entitled to assert the rights of the finder as provided in section two
hundred fifty-six of this chapter, when the property is delivered to him
in accordance with section two hundred fifty-four of this chapter and
shall vest in the buyer when the property is sold as provided in section
two hundred fifty-three or two hundred fifty-four of this chapter.

2. If the finder of lost property under the value of ten dollars has
made reasonable effort to find the owner and restore it to him, and has
been unable to do so, the title to such property shall vest in the
finder at the end of one year after the finding.