Which code indicates property has been released to its owner?

The code that indicates property has been released to its owner is Code 16. This code is specifically designated within the dispatch system to notify that the item or property in question has been returned to its rightful owner. Understanding the significance of this code is crucial for accurate record-keeping and communication among dispatch personnel, ensuring that all parties are aware of the status of the property. This helps prevent misunderstandings and ensures that the property management process is streamlined and efficient.

In the context of the other options, Codes 17, 18, and 17t serve different purposes or signify other statuses regarding property retrieval or processing that do not pertain to the release of property to its owner. This reinforces the importance of knowing specific codes to effectively manage property-related communications.